Luxe Ways To Spend Your Tax Return Hitha Prabhakar It may not be bonus season, but it sure feels like it. That's because mailboxes will soon be flooded with checks from Uncle Sam. The Internal Revenue Service says that taxpayers should receive an average return of $2,771 this year, up $500 from last. And retailers are seeing shoppers wanting to spend this money on luxe rewards. "People have been looking to spoil themselves with their [tax] bonuses," says Khajak Keledjian, chief executive of Intermix, a high-end boutique in New York City. "They want to indulge and spoil themselves without regret." Bling, Bling Baubles are often the first to be snapped up during tax return season, says Jaye Hirsch, owner of the Los Angeles boutique Intuition. People either come in for the pieces they have had their eye on for a while," she says, "or they see something on a celebrity and they must have it at that exact moment. Jonesing for jewels? The Ippolita Champagne Citrine Bangle features nine stones set in hammered 18-karat gold. Interested in a more functional piece? At $1,500, the pre-owned Rolex Oyster Watch is a more affordable version of a brand new model. Closet Case For some, it's all about the season's "it" piece of clothing. Fashionistas are a-twitter over the Missoni Favola Chiffon Dress; featuring a tie back and beaded sash, this dress will carry you through September. Tired of renting a tuxedo? The three-piece Ralph Lauren Purple Label version can also be worn as separates for a more casual look. Are handbags at the top of your most "coveted items" list? Dont blow your tax return on just any one. Check out the Chloe Large Paddington Tote. It's got with multiple side pockets for keys, a cellphone and a Blackberry, and inside pockets for important documents and a laptop. Likewise, the Berluti Deux Jours Briefcase has multiple compartments in a minimal, light tan case. If you are looking to dress up your home, the cashmere, python-lined Frette throw is the ultimate luxury. Socking It Away While you may be looking to spend that hard-earned cash on something whimsical and trendy, it's good to think about saving it. "One of the benefits of getting a tax return is that it's like a forced savings account," says Jim Burnham, CPA and chief executive of New York City-based Go! Accountants. "You never know when an emergency will arise, and that money can be beneficial when it comes to retirement. Rather than making the emotional purchase, [it's safer] to save for your future." Translation: Think before you buy that bag. You might end up hocking it for a missed mortgage payment.