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Survey: More people planning to save tax refunds

A new survey shows Americans won't easily part with their tax refunds this year.

More people are planning to save their cash. The national retail federation reports 44 percent of people getting refunds said they would stash some of it into savings.

That's up from 42 percent last year. Just 12 percent said they'd use their refund on a major splurge like a new TV.

The NRF said about two-thirds of taxpayers are expecting a refund this year.

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