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The majority of Americans will use their tax refunds to pay down debt in 2015, according to a survey conducted by the National Foundation for Credit Counseling.

Of the more than 1,000 respondents, 68% have their refund earmarked for debt repayment, with 15% using it for basic necessities and 11% using it to pad their savings accounts. Only 2% plan to use it as "fun money" for a vacation or shopping spree, and 4% still haven't made up their minds about the best use for the cash.

According to the IRS, the average tax refund last year was $3,034. That's a hefty chunk of change that, when combined with our debt repayment strategies, can help get you back in the black in you're looking to get out of debt this year.

How will you use your refund? Let us know in the poll below.

Here are more ways to improve your financial fitness in 2015:
4 Ways to Hit Your Money Goals
3 Simple Steps to Get Out of Debt
4 Strategies for Powering Up Your Savings