How Do I Prepare for Tax Season?

How Do I Prepare for Tax Season?

Q: Tax season is coming! I’d like to start preparing sooner than later, but all the forms, numbers and rules are so overwhelming, I don’t even know where to begin! How do I prepare for tax season?

A: It’s commendable that you’ve started getting ready for tax season long

Is Your Tax Refund Too Big?

Is Your Tax Refund Too Big?

Q: I’ve filed my taxes, and I’ll be getting quite a sizable refund this year. I love getting free money in my checking account, but I’ve heard this may not be a good thing. Am I doing something wrong?

A: Everyone loves getting money from the government, but your concerns are absolutely

Tax Tips 2023

Tax Tips 2023

Tax season is here again! Before you start stressing over those forms, though, read this guide for what you need to know about filing taxes in 2023. 

Dates to know

Take note of these important dates as you start preparing your 2022 taxes.

  • The tax filing deadline is April 18, 2023.
  • The extension deadline is Oct. 16, 2023. 

Don’t Get Caught Up in a Tax Return Scam!

Don’t Get Caught Up in a Tax Return Scam!

It’s tax season, and while that may mean you’re drowning in forms and paperwork, for scammers it means millions of taxpayers they can potentially dupe out of refunds or scare into making irrational moves. Here’s what you need to know about tax return scams and how to avoid them. 

How the scams play out

In a tax

Last-Minute Tax Tips to Know Before You File

Last-Minute Tax Tips to Know Before You File

The big day is drawing near, and if you haven’t already done so, it’s time to file your tax return! Before you file, though, it’s a good idea to review your return to ensure you haven’t made any mistakes or forgotten any deductions or credits you’re eligible to claim. Below, we’ve compiled a list of last-minute tax tips to know before

Don’t Get Caught up in a Tax Return Scam!

Don’t Get Caught up in a Tax Return Scam!

It’s tax season, and while that may mean you’re drowning in forms and paperwork, for scammers it means millions of taxpayers they can potentially dupe out of refunds or scare into making irrational moves. Here’s what you need to know about tax return scams and how to avoid them.

 
How the scams play

Beware Tax Filing Scams

Beware Tax Filing Scams

It’s tax season, so it’s time to get your paperwork in order and hire a tax preparer. Unfortunately, though, there are thousands of scammers looking to steal your information and your tax refund by posing as authentic tax preparers. It’s important to learn how to recognize the signs of a fraudulent tax preparer so you don’t fall victim to a tax filing scam. Here’s

Take Action: Tell Congress to Oppose New IRS Reporting Provisions

Take Action: Tell Congress to oppose new IRS reporting provisions

Credit unions are closely monitoring an onerous tax provision being considered in a proposed $3.5 trillion “Build Back Better Act” reconciliation package. One measure for this legislation that has been discussed is a proposal by the Treasury Department to require financial institutions

Category: Credit Union News

What Do I Need to Know About the Advance Child Tax Credit Payments?

What Do I Need to Know About the Advance Child Tax Credit Payments?

Q: I’ve heard that the IRS will start making advance payments toward the Child Tax Credit of 2021 this summer. What do I need to know about these payments?

A: The advance payments of the Child Tax Credits of

Indiana Department of Revenue Warns of Tax Text Scam

Indiana Department of Revenue Warns of Tax Text Scam

The Coronavirus pandemic has seen a rise in a number of scams. Among them include scams involving Unemployment,

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