Resources for Filing Your Tax Return

When filing your tax returns, you may need one or more of the following.

Navy Federal Tax ID: 530116705

IRS Form 1099

If you need to show dividend earnings or other IRS Form 1099 information, we mailed it to you by the end of January. You can also view it through digital banking.*

Mobile App:* Sign in and tap More in the bottom right of the screen, then tap Tax Statements.

Online Banking: Sign in and click the Statements link in the blue banner at the top of the screen. The dividend earnings and other IRS Form 1099 information you'll need for your 2020 tax return will appear in the Tax Documents section.

IRS Form 1098

IRS Form 1098 (Mortgage Interest Statement) can help to show the amount of interest, points or mortgage insurance premiums you paid on your mortgage loan. You may be able to use these expenses as deductions.1

You can find your 1098 Mortgage Interest Statement for 2020 in your January 2021 mortgage/equity statement. Please follow these steps to access your 1098:

Mobile App:

  1. Tap More in the lower right corner.
  2. Tap Account & Tax Statements.
  3. Tap Account Statements.
  4. Select your mortgage/equity account and tap to expand.
  5. Tap the January 2021 statement to open.

Online Banking:

  1. Click Statements on the top right of the page.
  2. Click the arrow to expand your mortgage or equity statements.
  3. Select your mortgage/equity account and click to expand.
  4. Click the January 2021 statement to open.

Note: If your loan is a Home Equity Line of Credit (HELOC) or was paid in full during 2020, your IRS Form 1098 will be posted as its own statement dated Jan. 1, 2021 instead of being attached to your monthly statement.

CARES Act Changes in 2020 That May Have Affected You

In an effort to support businesses and individuals in the wake of COVID-19, Congress passed an aid package known as the Coronavirus Aid, Relief and Economic Security Act of 2020 (CARES Act).

New provisions of the legislation may have affected your retirement (IRA) and/or education (ESA) savings accounts. Here’s what you need to know.

Withdrawals/Distributions

You may have been able to withdraw up to $100,000 between Jan. 1 and Dec. 31, 2020 without paying a 10 percent early withdrawal penalty, even if you weren't 59½.

Income taxes for this distribution will still be due, but you can pay them over 3 years.

Required Minimum Distributions

You didn't have to take the 2020 Required Minimum Distributions (RMD) from defined contribution plans, IRAs or Beneficiary IRAs.

Non-beneficiary IRAs. The waiver also applied to those who turned 70½ in 2019, but didn’t take their RMD before Jan. 1, 2020.

If you elected a 5-year payout period from your beneficiary IRA, the year 2020 won’t be counted for the 5-year payout period. However, the required beginning date for the years following 2020 won’t change. 

Know When Your Refund Posts

You don't have to wonder or call us to find out when you'll get your refund. Set up a deposit notification, and we'll send you a text,* push notification or email when it posts.

Learn More about mobile notifications

Submitting Your Tax ID Certification

We’re required by the IRS to report combined dividend earnings on members’ deposit accounts. If you applied for membership by phone, the form was sent in your new member packet and must be completed to ensure compliance. If you haven't received a 97HX form, you can find one using the link below.

Download Tax ID Certificate Form

You can return the form by faxing it to 703-206-4600, attaching it to an eMessage, returning it to a branch, or mailing it to:

Navy Federal Credit Union
Attn: Membership Department
P.O. Box 3002
Merrifield, VA  22116-9887

IRS Resources

  • 1040 Central

    Providing essential information for individual taxpayers, the IRS covers the basics of when, how and where taxpayers should file. Find answers to popular questions and access to forms and instructions as well.

    Learn Moreabout 1040 Central

  • Tax Information for Military Members

    Special rules may apply to you as a current or former member of the military, especially if you served or are serving in a combat zone or contingency operation or hospitalized for an injury resulting from that service.

    Learn Moreabout Tax Information for Military Members

  • 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.

    Learn Moreabout Online Services

  • Printable Tax Forms

    Want to work things out on paper? You can easily print out the forms you need and accompanying instructions from the IRS’ library of PDFs.

    Learn Moreabout Printable Tax Forms

Disclosures

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This information is intended to provide general information and should not be considered tax advice. Please consult a tax professional for more information.

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