Home / Knowledge / News / Locals eager to file tax returns Year - NRF
Locals eager to file tax returns Year - NRF
Feb '08
Fatigued by rising gas prices and sinking home values, millions of Americans are breathing a sigh of relief in anticipation of a refund from Uncle Sam.

The National Retail Federation's 2008 Tax Returns Consumer Intentions and Actions Survey, conducted by BIGresearch, found that 61.2 percent of consumers have already filed their tax returns or will file a return by the end of the month.

The survey also found that consumers filed earlier this year than they did last year; nearly one-third (28.5%) of Americans filed by mid-February, compared to 21.6 percent who had filed by that time last year. The remaining will file in March (23.7%) and April (15.2%).

“With high gas prices, a sluggish housing market and low wage growth, consumers are in the middle of the perfect storm,” said NRF President and CEO Tracy Mullin.

“Americans who receive a tax refund will be anxiously awaiting those checks to buy necessities, pay down debt, or indulge in something they had been putting off.”

This year, seven out of ten consumers are expecting a refund (69.2%) when they file their 2007 taxes. Of those expecting a refund, 27.0 percent will spend it on everyday expenses, 12.1 percent will treat themselves to a major purchase and 12.1 percent will take a vacation. Consumers will also pay down their debt (46.5% vs. 43.1% in 2007).

When it comes to tax preparation, one-third of consumers (31.5%) will do it themselves using a computer software program. Others will do it by hand (14.7%), use an accountant (23.5%), a tax preparation service (18.7%) or have a spouse, friend or other relative handle it (11.6%).

Must ReadView All

Textiles | On 26th Apr 2017

Kering's consolidated revenue growth rises 31.2% in Q1

The consolidated revenue growth for luxury group Kering for the first ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Textiles | On 26th Apr 2017

Gap, Athleta to increase use of sustainable fibres

Gap, one of the world's most iconic apparel and accessories brand and ...

Interviews View All

Victor Chao

‘In future, clothing boundary lines will become increasingly blurred.’

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search