Most Americans who are anticipating a tax refund this year plan to save or invest the money, according to a recent survey conducted by TD Ameritrade Holding Corp.

According to the poll, just over 50 percent of Americans expect to get a refund on either their state or federal tax return this year, and among them, 63 percent plan to save or invest at least part of the money they receive.

An estimated 14 percent of respondents who are anticipating a refund say they will use the money to splurge on luxuries like a new mobile phone or travel. But roughly half of those respondents also said they expect to use some money to pay down debt or pay for necessities like food or utility bills.

TD Ameritrade's poll results are based on a telephone survey conducted in ORC International's CARAVAN on behalf of Omaha, Neb.-based TD Ameritrade Holding Corp. An estimated 1,006 adults participated in a telephone survey conducted October 13-16 last fall.