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Taxes

Getting your refund

You can absolutely receive a tax refund with your Simple account. One thing to keep in mind: the refund has to be in your name. If you get a refund that isn't in your name, it'll be automatically returned after a few business days. Banks are required to carefully review tax refunds to make sure the funds reach the person the government is sending them to. We are able to accept joint tax refunds as long as one of the people listed on the refund is the account owner.

Getting the money into Simple is really straightforward.

Paying your taxes

There are several ways to pay your taxes with Simple. The best option depends on the circumstances and the entity you're going to pay.

  • 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.
  • Our payment service isn't able to send checks to tax entities, but you can mail them a 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.

It's tough to find out that you owe more than you expected. If you're preparing your taxes early and find out that you owe money, a Goal can make it easier to save up before your tax bill is due.

1099-INT Forms

We will generate and send you a 1099-INT if your account has earned $10 or more in interest over a calendar year (this is pretty rare). If your interest totals less than $10, it's not necessary to file a 1099-INT. If you're not sure how much interest you've earned, you can search your transactions, or just give us a call at 888-248-0632.

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