If you’re one of the 80% of taxpayers who will be receiving a tax refund this year, here's what to do with your tax refund according to experts.

The average tax refund payment was more than $2,753, according to the IRS. That's a lot of money that you can put to good use.

While you can probably imagine plenty of places to put your prized refund check today, you might not be thrilled with the choice tomorrow.

Rather than spend all of your money frivolously, why not use it to boost your bottom line?

Invest that money in one of the ideas listed below, and you can guarantee your future self with thank you. You may even have some fun along the way.

Here are some of the best ways to put your tax refund to good use this year.