Your step-by-step​ guide to taxes


Although you should always consult a tax professional, here are three simple steps to prepare for tax season.

1. Collect all your tax documents 📑

Look out for the following tax documents:

  • Employer docs (i.e., W2s)
  • Investment docs (i.e., different forms of 1099s)
  • Be sure to consult a tax professional on other forms you may need like mortgage interest statements or student loan interest statements.

2. Choose how to file 🗂

  • You may want to consider taking a DIY approach to your taxes by using an online tax preparation service. You can easily prepare your taxes from the comfort of your laptop or mobile device — while in bed. Who said tax season had to be stressful?
  • For more complex tax situations, it’s smart to speak with a tax specialist or CPA to help you through it.

3. Use your refund wisely 🤓

Common uses of tax refunds include paying down debt such as credit cards or loans. You can also use your tax refund to build your cash reserves for a rainy day fund. If you don’t have an immediate need for the money, you may choose to put your refund to work by adding it (or a portion of it) to your MoneyLion Managed Investment Account. Investing a portion of your refund allows you to pay yourself first by potentially earning interest. Learn more in the MoneyLion App or at

For more information on how to get through tax season without losing your mind, check out this blog article.

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Neither MoneyLion nor its affiliates are tax professionals. This advertisement should not be construed as tax advice. You should consult with an experienced tax professional should you have specific questions about your tax preparation strategy.