• Deciding how to use your tax refund money is a big deal. Get free, professional guidance with KOFE financial counselors through Payactiv. 
• Payactiv members can get up to $15 off TurboTax software. 
• When you elect to have your tax refund deposited to your Payactiv Visa^® card*, you may receive your money up to four days early¹. 

Tax season is upon us. For some people, that means getting a refund. In many situations, when you don’t owe the government money, the government probably owes you. 

You’ve worked hard all year for your money and deserve to make the most of every penny. That’s why at Payactiv, we’ve put together a suite of saving options and free tools so that you can maximize your tax refund.

Save Money When You File With Turbotax

There are numerous ways to save money when filing your taxes. If you meet specific income requirements, you may qualify for free tax filing programs like IRS Free File (online) or VITA tax assistance (in-person in your community.)

If you don’t meet those income requirements, you still have a saving option available to you as a Payactiv user. All Payactiv users can receive up to $15 off when they file using TurboTax, even if they have a complicated tax return. 

Get Your Tax Refund Sooner

Getting a tax refund is exciting, but it can feel like an eternity as you wait for it to hit your bank account. Here at Payactiv, we think that you should get your money as quickly as possible.

We can help you get your tax refund up to four days early when you tell the IRS you want your refund issued to your Payactiv Visa card. You’ll enter this information at the very end of your Form 1040. 

The sooner you get your refund, the sooner you can start using it towards your financial goals, helping you achieve them faster.

Get Help Strategizing How To Spend (Or Save) Your Refund

Your tax refund might be the largest amount of money you see all year. Where you spend (or save) it can significantly impact your overall financial health. For instance, you might use it to pay off debt, as a down payment on a car loan, or to build a healthy emergency fund.

Putting a large sum of money toward one goal can have a dramatic impact, but you can also split your refund between different financial objectives. Maybe $2,000 of your $4,000 refund could go towards your $4,000 debt, but you’d prefer to put the other $2,000 in your savings account to ensure you can cover financial emergencies that may happen throughout the year. 

The best thing to do with your tax refund depends entirely on your circumstances. Luckily, as a Payactiv user, you can get free 1:1 financial coaching with a KOFE financial counselor to help you decide which strategy is the right choice for your unique needs.

If you split up your financial goals, take full advantage of the Goal-Based Saving² feature in the Payactiv app. It will give you a visual picture of your progress as you work towards each goal.

The Final Word

Don’t make tax season more stressful than necessary. Use your Payactiv membership to get professional-grade tax software at a discount, secure your refund up to four days sooner, and receive free guidance on how to best use your refund to achieve your financial goals.

¹Many (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.

²Goal-based saving is a set-aside account, and you will not receive interest or other earnings on the funds within the goal-based account.

*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. 

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