Tax refund expectations could be tied to a taxpayer's astrological sign, according to a survey last tax season by credit-counseling agency Money Management International.

While Libras expect an average refund on their 1040 of $2,200, Aries expect $800 less. Here are MMI's sign-specific findings:

Aries (March 21-April 20): Those born under this Fire sign expect the smallest refunds ($1,400). They plan to save (46 percent) or pay debts (32 percent).

Taurus (April 21-May 21): Taurus is an Earth sign, associated with practicality. Those born under this sign are the least likely to expect a refund. Of consumers who expect to receive a refund, only 6 percent were born under this sign.

Gemini (May 22-June 21): Generally known to be logical, Geminis are the most likely to over-withhold on purpose.

Cancer (June 22-July 23): Protective Cancers are not likely to splurge with their refunds. Of those consumers who plan to splurge, less than 1 percent were born under this Water sign.

Leo (July 24-August 23): Generous Leos are more likely than those born under other signs to spend their refunds. Of those who plan to splurge, nearly 20 percent are Leos.

Virgo (August 24-September 23): Practical Virgos are still deciding how to spend their expected tax refunds. In fact, more Virgos than those born under any other sign were "undecided" about what to do with their refunds (14 percent).

Libra (September 24-October 23): Known for balance, Libras surprisingly expect the largest refunds (an average of $2,200).

Scorpio (October 24-November 22): Scorpios are characterized as being passionate. Of those who plan to splurge with their tax refund, one out of four is a Scorpio.

Sagittarius (November 23-December 21): Sagittarians are known for being optimistic and are not likely to save their refunds. In fact, of those who plan to save, only 5 percent were born under this sign.

Capricorn (December 22-January 20): Earth signs, like Capricorn, are associated with practicality. Appropriately, Capricorns are not likely to splurge with their refunds. In fact, of those who plan to splurge, less than 1 percent are Capricorns.

Aquarius (January 21-February 19): Aquarius is an Air sign, associated with thought and perspective. Fifty-eight percent of surveyed Aquarians who expect a refund plan to use it to pay down debts.

Pisces (February 20-March 20): Idealistic Pisces are the least likely to save. In fact, of all those who plan to save, less than 5 percent are Pisces.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access