If you earned $10 or more in interest or other income from Aspiration in 2019 you will receive one or more 1099 tax forms from Aspiration by January 31st, 2020. You should be able to access the form(s) on the web alongside your statements, so check back there when the time comes.
You are also able to use your Aspiration Spend & Save account to receive a tax return, or to pay your taxes.
This article outlines how to locate your account number for direct deposit. When exactly a direct deposited tax return will post can vary, but you should be able to check on the timeline with the initiator of your deposit. If it’s past the final estimated crediting date provided by the initiator, please let us know.
If you get your tax return as a paper check, you’re also welcome to deposit it with us. Unlike with a regular personal check, we can accept tax return checks made out the account holder AND another individual, into an individual account, as long as both parties have signed the check.
As always, anything you deposit is subject to review by our Checks Team.
How you’re able to pay taxes will depend on your specific tax payment processor, but generally you’ll be able to use your account and routing number, or your card.
Please keep in mind that we cannot offer tax or legal advice, so for any issues beyond what we’ve outlined here, you’ll want to consult with a licensed tax professional.
Looking for information on tax forms for your investment account? Head here!