Description

A key facet of financial learning is tax preparation and maximizing your refund. Nicole Rosen is an Enrolled Agent (EA) with the IRS, which means she’s in a great position to share some last-minute filing tips. 

Have a financial question for us? Email  GoodCents@payactiv.com. Don’t forget to subscribe wherever you get your podcasts.

Here’s the recap of today’s 15-minute episode: 

• The pros and cons of using tax software versus hiring a professional
• Common mistakes people make when preparing their taxes
• The importance of taking advantage of all possible credits and deductions, especially for single parents and divorced families who may be struggling financially
• Free programs offered by the IRS for those who need help with their taxes, regardless of their income
• Payactiv app users can get a $15 coupon for TurboTax when they download and use the Payactiv app. 
• When you apply for and activate your Payactiv Visa® Card*, you can get your tax return up to 4 days early(1). Simply use the account and routing numbers found in the Payactiv app when filing your taxes

* The Payactiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll free at 1 (877) 747-5862, 24 hours a day, 7 days a week.

(1) Many (but not all) employers, government benefits providers, and other originators send direct deposits early with an effective date of 1-4 days later. Beginning with your second direct deposit of at least $5 from the same source, Central Bank of Kansas City (CBKC) will post the funds to your Payactiv Visa Card when we receive it, rather than on the effective date. This may result in your having access to the funds sooner. The date CBKC receives your direct deposit and the effective date are controlled by the originator.