(WTNH) — For many taxpayers, a refund can be a much-needed financial boost.

However, there’s a catch. It also means that you’ll be missing out on having that money throughout the year.

To talk about tax refunds and what to consider doing if you’re getting one this year, Chartered Financial Consultant John Caserta joined News 8.

He discusses why people get tax refunds, how they should be using the money, and more.

Watch the video above for the full interview.