Tax Season: Understanding Your W-2, 1099, and Other Key Documents
Tax season is easier when you know your forms and when you take advantage of the exclusive Love My Credit Union Rewards savings available to credit union members.
Key Forms
W-2
- From your employer
- Shows wages and taxes withheld
- Needed for your tax return
1099 Forms
- For income outside traditional employment
- 1099-NEC: contractor or gig-worker income
- 1099-MISC: rent, royalties, prizes
- 1099-INT / 1099-DIV: interest and dividends
Other Forms
1098 – Mortgage interest
1098-T – Tuition and education-related payments; used to claim education credits
1098-E – Student loan interest paid; may be deductible
1095-A – Health marketplace coverage
Quick Prep Tips
- Gather all forms before filing
- Double-check names, SSN, and amounts
- Keep receipts and records organized
Love My Credit Union Rewards Member Savings
As a credit union member, you can file smarter and save with exclusive offers through Love My Credit Union Rewards:
- Save 20% with TurboTax
- Save up to $25 with H&R Block
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Understanding your forms and using your credit union member benefits can make tax season simpler and more affordable. With Love My Credit Union Rewards, you can file confidently and keep more money in your pocket.
