Tax Time Just Got Better with PayPal
Tax season has officially begun, which means millions of U.S. households are preparing to file their taxes by the April 15th deadline. Income tax payments are the single largest government transaction most households make each year
[1], and many taxpayers count on a tax refund as an important part of their annual budget.
This can make tax season a stressful time for taxpayers who struggle to file and pay on time, and for the financially underserved without a means to receive their tax refunds more quickly from the IRS through an electronic transfer.
At PayPal, we’re always looking for ways to make it easier and more convenient to access your money, whether you’re making a payment, sending money to a friend, or making a purchase. This year, PayPal is bringing this convenience to tax season by introducing new ways to make your tax filing journey simple and easy. Whether you owe taxes, or are one of the nearly 80% of taxpayers that will receive a refund
[2], using PayPal can help ease the stress of tax season.
This year U.S. taxpayers can use a PayPal account to:
- Pay any taxes owed to the IRS through payUSAtax.com‡.
- Pay income taxes over time with PayPal Credit* – enjoy 6 months promotional financing on tax payments of $99 or more when paying through payUSAtax.com. Subject to credit approval. See terms.
- Receive tax refunds straight into a PayPal account - consumers who have the PayPal Cash Card can get their tax refund deposited straight into PayPal, then use it to shop online, transfer to a bank or access it with the PayPal Cash Card.**
- Pay small business taxes through payUSAtax.com, plus get tax tips from PayPal for planning and managing a business throughout the year.
Canadian users can also pay their CRA taxes with PayPal through PaySimply.*** Visit
paysimply.ca/paypal to learn more.
For more information on how PayPal can make tax time better, visit
paypal.com/taxes.
‡payUSAtax.com disclosure:
All payments made to payUSAtax.com using PayPal are completed on the WorldPay platform. A WorldPay convenience fee will apply as charged by WorldPay’s service provider, Value Payment Systems, LLC for using this service. The fee amount will be a flat rate of $2.55 for debit or ATM/Debit transactions and 1.96% (minimum of $2.69) of the tax liability payment amount for PayPal, Android Pay, Samsung Pay or Visa, MasterCard, Discover, and American Express personal and business cards. See additional terms and conditions.
*PayPal Credit is subject to credit approval as determined by the Lender, Synchrony Bank, and is available to US customers who are of legal age in their state of residence. PayPal Credit is serviced by Bill Me Later, Inc.
For New Accounts: Variable Purchase APR is 25.74%. The APR is accurate as of 9/1/2018 and will vary with the market based on the Prime Rate (as defined in your credit card agreement). Minimum interest charge is $2.00.
** The PayPal Cash Mastercard® is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Bancorp Bank; Member FDIC. Card may be used everywhere Mastercard is accepted.
Limited to direct deposit of a federal or state tax refund, where permitted under applicable law. IRS may not submit refund information early. Nine out of ten e-filed tax returns with direct deposit will be processed within 21 days of IRS e-file acceptance. For up-to-date information from the IRS, visit
www.irs.gov/refunds.
*** All payments made to Payment Source using PayPal are completed on the Payment Source platform. PayPal is not responsible for the transfer of the funds directly to the CRA. A Payment Source convenience fee of 2.29% will apply.
By clicking the link you will leave the PayPal website and will be directed to an external website not managed by PayPal. PayPal and the issuer of your Card, The Bancorp Bank, do not endorse or guarantee any information or products made available through the external website.
Clam Lorenz, Head, Government Solutions, PayPal