Now is the moment to turn your attention to your tax obligations. With less than 60 days remaining until the tax deadline now is a good time to prepare your documents and file.
Save the Date
The 2024 tax filing deadline is April 17. You will want to schedule an appointment with a tax professional or complete filing on your own in advance. If you need a filing extension, you can request an extension on the IRS website*.
Get Yourself Organized
Before you begin, make sure you have all the correct forms, like a W-2 and/or 1099. Maximize your contributions to your 401(k), IRA, or HSA to minimize your tax liability. Additionally, gather receipts and documentation for deductible expenses, such as charitable contributions and business-related costs.
Protect Yourself from Scams
Tax season is an opportune time for scammers to steal your personal information. Do not give out any personal information like your social security number or bank account details. Tax identity theft generally starts when a thief accesses someone else’s personal information, and files a fake tax return under that person’s name, claiming the refund for themselves.
Get Started Today!
As a member of MVCU, you can save money on TurboTax through Love My Credit Union Rewards*.
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Now is the moment to turn your attention to your tax obligations. With less than 60 days remaining until the tax deadline now is a good time to prepare your documents and file.
I’ll be honest, budgeting has never come naturally to me. When a spark of motivation happens, I’d get really into it—tracking every expense for a few weeks and feeling good about my progress. Then life would happen. Bills piled up, I spent more than I intended, and my budget felt useless. It wasn’t until I started automating my finances that I finally felt in control.
Picture this: your college-age granddaughter calls, distraught, begging you to wire money because she’s “stranded abroad.” You had no idea she was traveling. In a panic, you send the funds, only to find out later that she’s perfectly fine. (No, this isn’t the plot of the 2024 movie Thelma, although it’s similar, and a highly entertaining watch!) Sadly, scenarios like this are all too common. In 2024, U.S. consumers reported losing more than $12.5 billion to fraud*, a 25 percent increase from 2023.
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If you’ve been living paycheck-to-paycheck, you already know it can feel like walking a financial tightrope. One unexpected gust (hello, surprise car repair) and suddenly you’re wobbling. That’s where an emergency fund becomes your safety net, quietly waiting to catch you before a small stumble becomes an expensive tumble.
