Many Americans count on their tax refunds.

Half of millennials rely on them to make ends meet.

Here are the key insights from a new report on tax refunds:

1) Dependence on Refunds: - 37% of taxpayers rely on their refund to get by. - This rises to 50% among millennials. - Rising cost of living is a major factor.

2) Early Access: - A third of those surveyed would pay a fee to access their refund early. - Nearly half plan to use their refund to pay down debt. - This number increases to 59% for millennials.

3) Tax Season Dates: - The 2025 tax filing season starts on Monday, Jan. 27. - The federal deadline is Tuesday, April 15.

4) Average Refund: - The average federal tax refund in 2024 was $3,138. - Receiving a big refund means you overpaid during the year. - Consider adjusting your withholding by completing a new W-4 form.

5) IRS Data: - Last year, the IRS issued nearly 105 million refunds. - Total refunds amounted to roughly $330 billion.

6) Tax Season Stress: - Some millennials are willing to go to extreme lengths to avoid filing. - 18% would rather drive 20 hours straight. - 15% would take a vow of celibacy for a year to avoid filing taxes.

7) Expert Advice: - Make a plan whether you expect a refund or owe money. - Utilize online resources to estimate your refund or owed amount. - Access your refund early at no cost if possible.

Tax refunds are more than just a check in the mail. They are a financial lifeline for many. Plan wisely and use your resources to navigate the tax season effectively.