Taxes

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Checking and Savings Accounts:

1099 Tax Forms

If you earned $10 or more in interest during the prior calendar year, or $600 or more in promotional credirs, we will post a 1099 tax form in your account by January 31st.

You can access your tax forms alongside your statements on our website.

  • Sign In to your account
  • Tap Settings, or click on the profile icon in the top right corner to reach the settings menu
  • Tap Statements & Documents
  • Choose the account you need documents for, and download your forms

 

Important Note for 2024 Taxes

For the 2024 calendar year, some members may receive two separate 1099 tax forms if you earned $10 or more in interest or a qualifying promotional payout as follows:

  • Your Cash Management Spend and Save accounts (Aspiration Financial, LLC - Legacy Cash Management Account).
  • Your Checking and Savings account (Mission Financial Partners, LLC - Banking Account).

Both forms (if present) are required to file your 2024 taxes.

 

Why am I receiving two tax forms this year?

Some members may have accounts or transactions associated with both Aspiration Financial, LLC (Legacy Broker Dealer) and Mission Financial Partners, LLC.

 A separate 1099 tax form is issued for each entity to comply with regulatory requirements.

 

Do I need to do anything differently when filing my taxes?

Yes. When preparing your 2024 tax return, ensure you include information from both 1099 tax forms.

  • We recommend consulting a licensed tax professional if you’re unsure how to handle this or have specific questions.

 

Using Your Account for Tax Filing, Refunds, & Payments

Tax Planning
Get ready today to file your federal income tax return. Planning ahead can help you file an accurate return and avoid delays that may slow your tax refund.

We encourage you to review free resources from the IRS to prepare for the 2024 Tax Filling Season: irs.gov/individuals/get-ready-to-file-your-taxes 

 

Receiving Your Tax Refund Electronically

  • Use your account to receive your tax refund via direct deposit into your checking or savings account.
  • To locate your account and routing numbers, log in to your account and navigate to Settings > Account Info 
  • When will your refund be available? The availability of your refund depends on your filing date and IRS processing times. 

 

Depositing a Tax Refund Check

  • You can deposit tax refund checks with us, including checks made out to both you and another individual, as long as both parties sign the check.
    • Please note that all deposits are subject to review by our Operations/Checks Review Team.

 

Paying Taxes Owed

Using Your Account to Pay Taxes

You can electronically pay your taxes using your account details. Simply provide your routing number and bank account number to your tax payment processor when submitting your payment.

 

Paying Tax Preparers

If you are using a tax preparer to file your taxes, you can also provide your account details (routing and bank account number) to settle their fees. Most tax preparers accept electronic payments, and using your checking or savings account ensures quick and easy payment.

  • How you can pay taxes depends on your tax payment processor. Typically, you can use your  account’s routing and account numbers or, if applicable, your debit card to make payments to satisfy any tax obligations.

 

Important Notes

  • No Tax or Legal Advice: We cannot provide tax or legal advice. If you have questions beyond what’s outlined here, please consult a licensed tax professional.
  • Investment Account Tax Forms: Looking for information on tax forms for your investment account? Click here for more details.

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