Source: Herb Weisbaum, TODAY (MSNBC.com) ( Free Registration )

The first tax refunds will go out in mid-February, and millions of Americans can’t wait to get that money. Last year, the average refund was about $2,700, the IRS reports. That’s more than a month’s income for two out of three taxpayers or more than three months worth of groceries for a typical family of four, according to TurboTax.

“The tax refund is a significant financial windfall, the biggest financial payday for most Americans,” said Bob Meighan, lead CPA for The American Tax & Financial Center at TurboTax. “People plan for and look forward to those refunds. It’s critically important to them, especially people living paycheck to paycheck.”

Read Full Article: Tax refunds are ‘windfall’ for most American families