Taxes and IRS Payments

Economic Impact Payments

Receiving economic impact payments (aka stimulus payments) into your Simple account is seamless. Your payment will be direct deposited into your Simple account if you used your Simple account and routing numbers when you last filed your taxes or use them to receive social security benefits. No action required. Check out our Stimulus Payment FAQs below.

Getting your tax refund

Depositing your refund is really straightforward. Our only requirement is that the refund has to be in your name. We can accept joint tax refunds as long as one of the people listed on the refund is the account owner.

How to go about it:

The quickest option is to have your refund directly deposited into Simple. Just double check those account and routing numbersthose account and routing numbersthose account and routing numbers! If you choose to get your refund as a check, keep our Photo Check Deposit limits in mind. If the check exceeds your deposit limit, you can deposit it by mail. Joint refund checks must be endorsed by both people on the check.

Pro tips!

• If you're using an online preparer to file your return, look into paying for their services via credit or debit card instead of through your refund. Some online tax preparers charge an additional processing fee of up to $40 on top of the fee you're already paying for the package you selected.
• Your tax refund could be a great opportunity to kickstart or contribute to your savings. We can automate this for you with our Tax Refund Rule. 
• If you want to know when your refund will arrive, you can track it over here: https://www.irs.gov/Refunds

Paying your taxes

There are several ways to pay your taxes with Simple.

• You can schedule an auto debit (also called electronic funds transfers).
• The IRS and some states accept card payments, so you can pay them with your Simple Visa® Card. Keep in mind the $6,000 daily card spend limit.
• You can mail them a paper check or money order. You can pick up a money order with your Simple card at any USPS office. You can also get them with cash at many grocery and convenience stores.

1099-INT Forms

You recieve a 1099 for each account you own if your account or all accounts combined have earned $10 or more in value over a calendar year. This can include interest earned or other promotional credits. If your account(s) earned less than $10, we won't send you a 1099. Additional 1099 forms may be issued as necessary. Your 1099 can be found in your account with your statements.

Where to find them

1. Sign into your account.
2. Click on your name in the upper right hand corner.
3. Click Statements. You'll see a list of all of your statements.
4. Click Download PDF next to the statement you would like to download.

Statements are not available on mobile.

Where to find them

1. Sign into your account on the web.
2. Click on your name in the upper right hand corner.
3. Click Statements. You'll see a list of all of your statements.
4. Click Download PDF next to the statement you would like to download.

Statements are not available on mobile.

Where to find them

1. Sign into your account on the web.
2. Click on your name in the upper right hand corner.
3. Click Statements. You'll see a list of all of your statements.
4. Click Download PDF next to the statement you would like to download.

Stimulus Payment FAQs

What is a stimulus payment?

The IRS is offering tax help for taxpayers, businesses, tax-exempt organizations and others – including health plans – affected by coronavirus (COVID-19). Details can be found here: https://www.irs.gov/coronavirus

When will I get my deposit?

Unfortunately, we do not have direct access to the status of your payment. The IRS will be providing updates here when they start sending them out.

Will my stimulus payment deposit to my Simple account automatically?

For customers who used their Simple account to receive their latest tax refund by direct deposit we expect that their stimulus payment will deposit to the same account.

My account was replaced - will that impact my stimulus payment?

If you’ve received your taxes in a Simple account before, you should still receive your stimulus payment. We’ll be actively watching for payments coming in to closed accounts and redirecting those funds into your new, replaced account. This will take 1-2 business days.

If you have never received taxes in your Simple account, you’ll need to contact the IRS to get more information on how you will receive the deposit.

I don’t file tax returns. Is any action required to get a stimulus electronic deposit to my Simple account?

Check out the government website on this: https://www.irs.gov/coronavirus

I didn’t get my stimulus payment!

Transactions using account and routing numbers typically take 3-4 business days to process, so it’s completely normal for this deposit to take a bit to post.

If it’s been longer than this, we can investigate - but we need you to contact the IRS to gather some information (including getting the 15-digit trace number associated with the deposit).

Additionally, deposits that appear to be in the name of a third party will be sent back to the IRS, so it’s important that the name on the account matches the named recipient on the deposit.

I get my returns via paper check...

Cool! You can totally deposit it using the standard mobile check deposit process. If you have questions about receiving a check, look at the government website on this: https://www.irs.gov/coronavirus

My tax return was deposited to a Shared Account that is now closed. Can my stimulus be sent to one of the individual accounts?

No. If a Shared account is closed, the account cannot accept deposits and will be returned to the sender. Check out the government website on this: https://www.irs.gov/coronavirus

My tax return was deposited to a closed account - can you issue me a check for the stimulus payment instead of sending it back to the IRS?

If the Simple account is closed, we are unable to issue a check directly to you - the deposit should be returned to the IRS within a few business days. You’ll need to contact the IRS to get more information on how you will receive the deposit. If you still haven’t received it by the time you file taxes it’s possible they may ask you to claim it on your tax return. The IRS is providing updates here: https://www.irs.gov/coronavirus