Mastercard Working with Liberty Tax to Provide Access to Economic Impact Payments and Tax Return Funds
March 17 2021 - 9:00AM
Business Wire
With the Netspend® Liberty Tax® Prepaid
Mastercard®, eligible Americans can receive quick and secure access
to their stimulus and tax return payments
As Americans in need begin receiving Economic Impact Payments
(EIP) via the U.S. Department of Treasury and Internal Revenue
Service (IRS), Mastercard is working with Liberty Tax to offer
direct stimulus payments and tax return funds through prepaid
cardholder accounts, in turn improving equitable access to those
who need it most. Qualifying new Liberty Tax customers will receive
30% off tax prep fees, a $15 bonus, and an additional $15 credit
when selecting the Netspend® Liberty Tax® Prepaid Mastercard® for
the disbursement of tax proceeds 1.
“Millions of Americans have been excluded from Economic Impact
Payments because they have either not filed a tax return or shared
their payment information with the government,” said Linda
Kirkpatrick, president of North America at Mastercard. “We are
highly focused on bringing more people into the digital economy,
and this offer is reflective of our commitment. Together with
Liberty Tax, we are using this prepaid option to help those who
need it the most.”
How It Works:
- Make a tax appointment at www.libertytax.com.
- Check the status of your government stimulus payment:
www.irs.gov/coronavirus/get-my-payment.
- File your 2020 tax return with Liberty Tax. If you have
not received prior stimulus checks, you may also need to file
previous year returns.
- Get your card and receive your funds. Once you have
completed tax preparation, elect to have tax return proceeds
disbursed to a new Netspend® Liberty Tax® Prepaid Mastercard®. Once
you have activated your card, the applicable credit will be applied
to your account within 10 business days.
“As we have walked together through this global pandemic,
Liberty Tax has remained dedicated to serving our customers. With
each EIP, we worked with the IRS to ensure our customers received
the money promised to them and this is another example of our
efforts,” said Brent Turner, CEO of Liberty Tax. “We’re proud to
work with Mastercard to get Americans the assistance they deserve
and encourage anyone who has not yet received their payments to
come into one of our offices to see how we can help.”
In addition to Liberty Tax, Mastercard is working with partners
to potentially enable the delivery of Economic Impact Payments to
millions of Americans who hold reloadable prepaid cards. Prepaid
cards offer an array of benefits extending far beyond providing
more equitable access to EIP. These cards can be used for everyday
needs and are especially beneficial amid the pandemic as they
enable people to shop online or, in many cases, provide them with a
contactless option for in-person purchases.
All Mastercard prepaid cards include Mastercard ID Theft
Protection™ powered by Generali Global Assistance, providing
detection and protection against identity theft, including
monitoring, alerts, and expert resolution. Once an account is set
up, individuals can also arrange to use their Mastercard prepaid
card to receive direct deposits from their employer and for future
EIP payments and tax refunds.
Individuals who choose to prepare their own tax returns can
direct the IRS to deposit their refund and EIP to their existing
reloadable prepaid card. Using a Mastercard prepaid card also
provides an added level of convenience, with the funds available
faster and no need to go through the hassle of cashing a check. For
those who do not have bank accounts and rely on check cashing
services, this also means more money in their pocket. For more
information, visit www.mastercard.com/stimulus.
About Mastercard (NYSE: MA)
Mastercard is a global technology company in the payments
industry. Our mission is to connect and power an inclusive, digital
economy that benefits everyone, everywhere by making transactions
safe, simple, smart and accessible. Using secure data and networks,
partnerships and passion, our innovations and solutions help
individuals, financial institutions, governments and businesses
realize their greatest potential. Our decency quotient, or DQ,
drives our culture and everything we do inside and outside of our
company. With connections across more than 210 countries and
territories, we are building a sustainable world that unlocks
priceless possibilities for all.
www.mastercard.com
About Liberty Tax Service
Founded in 1997, Liberty Tax is a nationwide tax return
preparation firm. In the U.S. and Canada last year, Liberty Tax
prepared approximately one million individual income tax returns in
more than 2,500 offices and online. Liberty Tax's online services
are available through Liberty Online and are backed by the tax
professionals at Liberty Tax locations and its nationwide network
of seasonal tax preparers. Liberty Tax also supports local
communities with fundraising endeavors and contributes as a
national sponsor to many charitable causes. For a more in-depth
look, visit Liberty Tax Service and interact with Liberty Tax on
Twitter and Facebook.
The Netspend® Liberty Tax® Prepaid Mastercard® is issued
by Republic Bank & Trust Company, Member FDIC, pursuant to a
license by Mastercard. International Incorporated. Netspend, a
Global Payments Company, is a registered agent of Republic Bank
& Trust Company. Certain products and services may be licensed
under U.S. Patent Nos. 6,000,608 and 6,189,787. Use of the Card
Account is subject to activation, ID verification and funds
availability. Transaction fees, terms, and conditions apply to the
use and reloading of the Card Account. See the Cardholder Agreement
for details.
Mastercard is a registered trademark, and the circles design is
a trademark of Mastercard International Incorporated. Card may be
used everywhere Debit Mastercard is accepted.
1 Offer valid 3/15/2021 - 4/15/2021. See
www.libertytax.com/stimulus_3030/ for complete terms and
conditions.
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version on businesswire.com: https://www.businesswire.com/news/home/20210317005240/en/
Media: William Tsang William.Tsang@mastercard.com
914-249-2640
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