Americans are about to start paying lower taxes -- here's how they're likely to spend the extra cash

iStock/Manakin Tax cuts could increase Americans' paychecks by February. According to UBS, the extra cash is most likely to be spent on vacation homes, retirement plans, concerts, and travel. Spending on rent could fall as more renters look to buy, UBS said. Starting in February, many Americans should see a bump in their paychecks, thanks to the recently passed Republican tax cuts. They're most likely to spend the extra cash on hotels, funding their retirement plans, concerts, and sports games, ...