What is
RealTimeTaxes?
A fintech infrastructure solution which integrates into digital banking products to grow deposits. RTT Banking gives banking customers visibility and control of their income tax withholding throughout the year so April is a planned outcome, not a surprise.
Did you know?
78% of people making less than $50K OVERPAY their taxes by an average of over $2,000 per year.
And, 10% of this same income group take out a payday loan, with an average loan size of $430 (per National Debt Relief).
At RealTimeTaxes, we offer an alternative: Instead of overpaying, put your money in an interest-bearing, accessible account.
More Surprising Tax Facts
Accuracy
Only 4% (6.6M) of all tax returns reflect accurate withholding (not over- or under-withheld).
Overpayment
70% of all tax filers (113M) overpay their taxes throughout the year, for a total of over $500B.
Underpayment
On average each year, 26% of all filers (41M) owe taxes, for a total of over $280B.
Penalties
9% of of all filers (14M) underpay so severely that they owe a penalty at tax time.