Tax season is quickly approaching, and people are especially eager to get their refunds. Between a down market and rising prices, making sure to minimize tax refund stress and optimize returns is more important than ever.
Tax season can be looked at as both an opportunity and a cause for stress. Approximately ⅓ of Americans are worried they didn’t maximize their refund and nearly 25% of Americans are worried they made a mistake and are at risk of being audited by the IRS. Even more shockingly, 10% of Americans are concerned they will go to jail because of a mistake on their tax forms.
At the same time, tax refunds can be an opportunity to pay down debt, add to a rainy day fund, make a fun purchase, or invest. In 2022, the average tax refund according to the IRS was $2,323. Platforms like TurboTax are designed to help individuals maximize deductions to get the best refund possible.
That’s why Current has partnered with TurboTax this year to ease the stress of tax season and get their customers more money. Current customers that take advantage of this offer will get their refund up to 5 days faster and receive $20 off TurboTax. You simply need to provide your Current account and routing number when you finish filing your tax returns with TurboTax and you’ll get your refund direct deposited to your account up to 5 days faster.1
Current is a new type of banking alternative and a lot of the features are ideal for individuals who are looking for better ways to track and manage their money. Their partnership with TurboTax is just another example of the company’s commitment to helping everyday Americans succeed financially. Current is built around the idea that people deserve financial flexibility and freedom in their everyday life.
Current also offers a variety of other programs and features that make banking simple, easy, and refreshing. The company offers points towards cash back rewards for their debit card.2 Perhaps one of the most unique features is the company offers direct deposits up to two days earlier than your scheduled pay date. The mobile banking app also lets you overdraft up to $200, pending approval, with no overdraft fees. There are no minimum balance fees either.3 Current’s app also allows for buying and selling crypto, conveniently all in one place. For individuals who aren’t looking to invest in a volatile market, Current offers savings pods with up to 4.00% APY.4
This tax season, don’t be part of the 11% of Americans who were not confident their taxes were filed correctly. Make the most of your refund with Current.
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.
Featured Photo by Iryna Tysiak on Unsplash
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC. The Current Visa Debit Card is issued by Choice Financial Group pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.
1Early access to tax refunds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 5 days earlier than the scheduled payment date.
2Teen accounts do not earn points
3Please refer to Overdrive™ Features Terms and Conditions. Out of network cash withdrawal fees, third-party, and adding cash fees may apply.
4The Annual Percentage Yield ("APY") for Current Interest is variable and may change at any time. The disclosed APY is effective as of January 18, 2023. Qualifying direct deposit of more than $200 required for 4.00% APY. No minimum balance required. Must have $0.01 in Savings Pods to earn Current Interest on up to $2000 in deposits per Savings Pod up to $6000 total. Please refer to Current Interest Terms and Conditions.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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