Photo by Olga DeLawrence on Unsplash

7 Quick Ways to Help Your Employees More This 2020 Tax Season

  1. Employers share W2 forms.
  2. Most employees wait until the last minute to complete their taxes — crossing their fingers for a good return. According to the IRS, every year between a quarter and a third of Americans file their tax returns within two weeks of the deadline.
  • Where’s my W2?
  • Where can I prepare my taxes for the lowest cost?
  • Should I prepare my own taxes to save?
  • Why are my taxes being garnished?
  • After I’m done, how do I know I didn’t make an error that’s making me pay more than I should?

What You Can Do as an Employer

What the Extra Effort Means to Your Workers

7 Steps to Help Your Employees This Tax Season (And Their Finances Overall):

  1. Go above and beyond in your W2 communications. Communicate to your employees that W2 forms have been distributed. Remind them that it’s available, and avoid mailing if possible. Post on your company Intranet in a clear, visible place.
  2. Set automated reminders. “Did you file? The deadline is July 15. P.S. Did you remember to put aside $500?”
  3. Remind them that there are places that can help them file taxes for free. The IRS’ Volunteer Income Tax Assistance (VITA) program offers free tax preparation help to people who generally make $56,000 or less, persons with disabilities, and limited English-speaking taxpayers. They can find a VITA site on the IRS website. They can also take advantage of free online tax filing services, also available on the IRS website.
  4. Dispel the myths and educate. Even after years of filing, many people are still unaware of most key deductions as well as many of the most common tax rules. While the majority know how to remain on the right side of tax law, many employees miss out on dozens of perfectly legal, tax-saving strategies simply because they don’t know they exist or they incorrectly think these strategies are illegal. You can help by sending trusted resources and tips. For example, a way to save on taxes could be through HSA’s tax benefits. Plus, you can even pre-schedule follow-up tips after Tax Season to keep your employees engaged and thinking of their finances ahead of time.
  5. Remind them not to leave money on the table. Your employee could benefit from the Earned Income Tax Credit (EITC), a benefit for working people with low to moderate-income, particularly those with children. Only about 78 percent of people who are eligible for EITC actually utilize it, so if they are eligible let them know so they don’t miss out.
  6. Show them you’re here to help. If you haven’t already, schedule a meeting (or Lunch & Learn) with your team to talk about tax season and/or hold tax season office hours. Everyone’s in the same boat and needs to file taxes. Remind your employees that you are a resource if they have any questions.
  7. After filing… share this list to encourage your employees to:
  • Revisit deductions to make sure they’re correct and prepare for the rest of the year (or for filing next year)
  • Set savings goals
  • Set up deductions/auto savings
  • Set up direct deposit
  • Open an account for their kid(s) or family member(s)
  • Prioritize emergency savings. Stash away $400 from their refund this year. With everyone’s collective effort, we can move the needle and increase savings across the country.



For nearly 25 years, our nonprofit social enterprise has been empowering workers to take control of their finances through financial coaching. Now we’re bringing our expertise to employers who want to support their workers’ financial health.

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