Your step-by-step​ guide to filing your taxes

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How To File Your 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.

4. Invest your tax refund

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 and investment returns. Yes, please! Auto Invest makes it super easy. Learn more about Auto Invest here. Learn more in the MoneyLion App or at

MoneyLion Banking account provided by partner bank, Member FDIC. Cash Advance requires MoneyLion Bank Account and Direct Deposit. See Banking and Cash Advance FAQs for more information.

MoneyLion Checking Account and Direct Deposit required.

Investment Accounts Are Not FDIC Insured • No Bank Guarantee • May Lose Value. For important information and disclaimers relating to the MoneyLion Investment Account, see Investment Account FAQs and FORM ADV. Broker-Dealer charges a $0.25 withdrawal fee.

*MoneyLion membership required. View full terms and conditions here.

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.

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