If you have ever used Cash App and were affected by its data breach, you probably want to know when the settlement payout will arrive. As someone waiting for your share, understanding the lawsuit, payout timeline, eligibility, and possible tax implications helps you prepare for what’s ahead.
Cash App Settlement Lawsuit Payout Date
You may have already heard that the Cash App settlement was granted final approval by the court on March 27, 2025. While this is good news, it does not mean that you will receive money immediately. The payout process still depends on administrative checks and claim validation.
As a claimant, you should expect delays because settlement administrators need time to process thousands of claims. Official sources have not confirmed a fixed payout date, but reports suggest that payments could be finalized by the end of 2025, depending on appeals and documentation reviews.
Who Will Get?
You will be eligible for compensation if you used Cash App between August 23, 2018, and August 20, 2024, and submitted a valid claim before the deadline. Only users who suffered losses, unauthorized charges, or identity theft during that period will be considered eligible for payouts.
If you filed your claim on time and provided necessary documentation, you can expect to receive money once the settlement is disbursed. However, if your claim lacked supporting evidence or missed required details, your eligibility could be questioned, which may reduce or completely deny your compensation.
How Much You Will Get?
You could receive up to $2,500 if you documented out-of-pocket expenses caused by the breach. For lost time spent resolving fraudulent activity, smaller amounts are also allocated. The exact payout depends on the number of valid claims and how the settlement fund is distributed among approved claimants.
If fewer people claim, you might receive a larger share, but if many filed, the settlement amount per person could be reduced. The compensation is structured to cover actual losses first, ensuring those with the highest documented damages get priority before distributing general compensation amounts.
What If I Haven’t Submitted the Claim Form?
If you did not submit a claim form before the November 18, 2024, deadline, unfortunately, you will not be eligible to receive any settlement payout. Missing the deadline automatically disqualifies you, regardless of whether you were directly affected by the data breach or unauthorized charges.
Even if you used Cash App during the covered period, failing to submit your form means you forfeited your right to compensation. The settlement process strictly requires timely claims, so there is no option to join later or reopen the filing period once it has already closed.
Will Settlement Amount Be Taxable?
When you finally receive your payout, you may wonder whether it will be taxed. Generally, compensation for actual losses, such as money stolen or fees you had to pay, is not taxable because it simply reimburses you for financial harm rather than providing new income.
However, if part of your payout is categorized as reimbursement for lost time or inconvenience, it might be treated as taxable income. To be safe, you should consult a tax professional when you receive the funds so you can accurately report any portion that may require taxation.