Prepare clients for the 3rd stimulus payment
Help clients get the maximum amount
With the House now drafting the $1.9 trillion stimulus bill, the third Economic Impact Payment may be issued in a matter of weeks. Waiting to file a return may actually reduce the stimulus payment amount for many taxpayers.
File early to help clients with reduced income in 2020
With stimulus payments expected to be based upon the most recent tax information available (2019 or 2020) clients with reduced income in 2020 should file early so that their payments are based on the lower income amount.
Waiting could be costly
As the Wall Street Journal notes, waiting to file could mean clients with reduced income may receive smaller Economic Impact Payments based on their 2019 income.
"The size of your next stimulus check might depend on when you file your tax return."
The Wall Street Journal
Help clients get their stimulus even faster
Unbanked clients that receive a check from your office can get their stimulus faster by selecting the Green Dot Prepaid Visa Card.*
When the IRS releases the third Economic Impact Payment Green Dot cardholders will receive their refund in days rather than waiting for the IRS to mail a check or a debit card.
* Card issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. Green Dot Bank operates under the following registered trade names: GoBank, Green Dot Bank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage. ©2021 Green Dot Corporation.