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Posts about Tax Filing

Don't Tax My Credit Union

By: John Lutz 03.27.25 4 minute read Policy & Economy Tax Filing

You may have noticed a lot of recent discussion regarding taxes on credit unions. Lawmakers and the current administration are currently discussing tax reform. As a piece of that discussion, they’re looking at changing the credit union federal income tax status. As a member of a credit union, this isn’t just a tax on your financial institution—it’s a tax on you. Credit unions pay billions in state and local taxes each year. If Congress moves ahead with this revision and taxes the profits on credit unions, this will directly affect you as a member. These profits are returned to you in the form of fewer fees, better rates on loans, and higher dividend earnings.

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Reduce Tax-Season Stress with a Little Preparation

By: American Heritage 02.26.21 4 minute read Tax Filing

If you’re new to filing taxes, the process can feel a little overwhelming. It may seem like there are too many details to remember and tons of jargon to decipher. But here’s the truth: If you take some time now to learn about the filing process, understand what information you will need, and have a clear plan for completing your tax returns well in advance of the April 15 deadline, it’s not so bad. You may even get to enjoy a nice refund. Follow these tips to help you get your taxes done quickly, accurately, and confidently.

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Taxes 101: Brush Up on These Key Terms Before You File

By: American Heritage 02.13.20 3 minute read Tax Filing

Taxes. They’re one of the two certainties of life, according to former Philly resident Benjamin Franklin. And with the arrival of tax season comes the inevitable arrival of tax jargon – terms that would have even Mr. Franklin scratching his head. Whether you’re new to filing taxes or just need a refresher, we want to help you file with more confidence and less confusion. Understanding the basic tax terms and concepts will be key to filing your return quickly and accurately – and without overpaying. So, before you file your 2019 tax return, make sure you know these nine essential terms.

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