Navy Federal Credit Union
Navy Federal Credit Union

Tax Center

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Steps to Filing Your Taxes
1
Gather all of your tax documents.

W-2s

The form that an employer must send to an employee and the IRS at the end of the year.
The W-2 form reports an employee's annual wages and the amount of taxes withheld from his or her paycheck.

1099s

The 1099 form is the IRS tax form used for taxpayers (i.e., independent contractors, consultants, investors) to report income, whether from work or from investments that are not salaried income. There are many types of Form 1099s, so the income provider will have to send a specific 1099 form, based on the types and sources of income earned, to the taxpayer.

1098s

A form filed with the IRS that details the amount of interest and mortgage-related expenses paid on a mortgage during the tax year. These expenses can be used as deductions on a U.S. income tax form, Schedule A, which reduces taxable income and the overall amount owed to the IRS. The mortgage lender is required by the IRS to provide this form to borrowers.

2
Gather all tax donation receipts and other documents to support proof of income and tax deductions.
3
File your taxes electronically.

Free File

If your Adjusted Gross Income was $58,000 or less in 2013, you are eligible for Free File.

e-File

Use tax preparation software to prepare your tax return and send it through e-File. Your return is sent through safe and secure channels, not via email.

Authorized e-File Providers

Use a tax professional to prepare your tax return and send it through e-File. Your return is sent through safe and secure channels, not via email.

4
Have your refund direct deposited to your account.

The IRS recommends having your refund deposited directly to your account. This gets you your refund within 10 days. You can have your refund transferred directly into your checking, savings, or Money Market Savings Account.

You can also pay for your taxes electronically from your checking account or, use your Visa Check Card, or earn rewards by using your Navy Federal rewards credit card.


Navy Federal Tax Resources

Click here to find out how to locate your Navy Federal tax info online, including forms
1099 and 5498.


IRS Resources

1040 Central

Information for individual taxpayers.

Tax Information for Military Members

For federal tax purposes, the U.S. Armed Forces includes officers and enlisted personnel in all regular and reserve units controlled by the Secretaries of Defense, the Army, Navy, and
Air Force. The Coast Guard is also included, but not the U.S. Merchant Marine or the
American Red Cross.

Online Services

Filing and paying your taxes should be as convenient as possible. That's why the IRS provides you with many helpful interactive forms, calculators, and tools.

Printable Tax Forms

Printable forms and instructions in PDF format.

Navy Federal's Tax ID
530116705
Tax Deadline
April 15, 2014
Countdown to File

Have questions or concerns about filing?

IRS.gov

1-800-829-1040 (toll-free)


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