Step 13 – To Gain Financial Stability – Tax

Woman writing and calculating her tax

As tax season comes upon us, it’s a great time to reflect on your financial goals and make sure you’re in the best position for the year ahead. Whether you’re filing your taxes for the first time or you’re a seasoned pro, here are some tips to make this process as smooth and stress-free as possible. Here’s how we can support you during tax season and beyond!

Tax Essentials to bring while Filing

When filing don’t forget the essentials. 

  • W-2 form
  • 1099 form
  • Deductible Receipts 
  • Bank Account Statements 
  • Last Years Return

Maximize Your Refund with Financial Stability in Mind
If you’re expecting a refund, it’s an excellent opportunity to think about how you can make the most of it. Instead of splurging, consider putting your tax refund to work for your future.

You can:

  • Pay down high-interest debt: Use your refund to reduce credit card balances or pay off loans. This can free up more money in the long term.
  • Boost your emergency fund: If you don’t have an emergency savings, now’s the time to build one. 
  • Contribute to your retirement account: A tax refund is a great way to boost your retirement savings. Consider putting some or all of it into your 401(k), IRA, or another long-term savings account.


Tax Savings Resources

Did you know one of the many perks of being a credit union member is exclusive filing discounts? Thanks to Love My Credit Union Rewards, you can receive discounts to H&R Block as well as Intuit Turbo Tax. Save 20% with Intuit Turbo Tax or Save up to $25 with H&R Block. 

Use the link Love My Credit Union Rewards: Tax Services .

Stay on Track with Financial Planning

Tax season is the perfect time to review your financial situation and set new goals. Do you need to adjust your withholding for the year? Have you set realistic savings targets? Now is a great time to think about ways to improve your credit score, pay off debt, or start saving for a big life event. No matter what your financial aspirations, Deepwater Industries FCU is here to help.

Want to Direct Deposit your Return?

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System Announcement

System Downtime

All systems, including online and mobile banking will close at 6:00 pm, will be unavailable from Friday, February 28, 2025, at 6:00 pm through Sunday, March 2, 2025. Please plan ahead for transactions and ensure you have sufficient funds.

Branch Closures:
Saturday, March 1, 2025
System Back Up:
Monday, March 3, 2025

Debit cards, online banking and mobile banking will be down during this time. Credit cards will work.