February is the month of love, but nothing crushes romance quite like the stress of tax season. While chocolates and roses are lovely, nothing says “I care,” like getting your taxes done early and securing a stress-free refund. At White River Credit Union, we’re here to help you easily navigate tax season—because nothing should hinder your financial well-being (or your Valentine’s Day plans).
Start early to reduce tax season stress
A little preparation goes a long way in making tax season smooth. Here’s how you can get a head start:
Gather and organize your documents
Before you dive into filing, make sure you have everything you need. Missing documents can delay your refund or, worse, lead to errors.
- W-2s and 1099s from employers and freelance or contract work
- Mortgage interest statements
- Student loan interest statements
- Receipts for deductible expenses (charitable donations, medical bills, etc.)
- Last year’s tax return for reference
Consider creating a simple checklist to track what you have and still need—it’s a small step that can save big headaches.
Leverage available resources
You don’t have to go it alone! There are plenty of free and low-cost resources to make tax filing easier:
- The IRS Free File tool is available for those who qualify.
- Consider consulting a tax professional if your situation is complex (self-employment, rental income, or significant life changes like marriage or homeownership).
Your refund, faster with direct deposit
Nothing kills the excitement of a refund like waiting for a paper check in the mail. Skip the stress and set up direct deposit instead!
Benefits of direct deposit
- Faster access to your money: The IRS processes direct deposits quicker than mailed checks.
- More secure: No risk of lost or stolen checks.
- Convenient: Your refund goes straight into your account—no need to make a special trip to the financial institution.
Set up direct deposit with WRCU
To have your tax refund deposited directly into your WRCU account, follow these simple steps:
- When filing your taxes, select direct deposit as your refund method.
- Enter WRCU’s routing number (325180401) and your 12-digit account number (found on a check or by calling us at (360) 825-4833 ext. 6 option 2).
- Double-check for accuracy—errors can delay your refund!
Make the most of your tax refund
A tax refund is a great opportunity to strengthen your financial future. Here are a few innovative ways to put your refund to work:
Open a WRCU savings account
Consider setting aside part (or all) of your refund for future goals. WRCU offers great savings options:
Classic account
A Classic Savings Account at White River Credit Union is your foundation for financial growth. Whether saving for a rainy day, a big purchase, or just wanting a secure place to keep your money, our classic account offers easy access, competitive rates, and the personalized service you expect from your local credit union.
Account add-ons
At White River Credit Union, we know one size doesn’t fit all when managing your money. That’s why we offer Account Add-Ons—customizable options designed to help you save smarter, plan ahead, and stay financially flexible. Whether you’re growing your savings, preparing for the holidays, or protecting yourself from unexpected expenses, we’ve got an add-on to fit your needs.
Certificates
Looking for a secure way to earn more on your savings? WRCU Certificates offer higher interest rates for members who can commit to saving for a set period. With various terms to choose from, you can maximize your earnings while keeping your money safe and sound.
Innovative strategies for your refund
Beyond savings, here are a few financially savvy ways to use your tax refund:
- Build an emergency fund: Aim for three to six months’ expenses.
- Pay off high-interest debt: Reduce your debt and free up future income.
- Invest in your future: Consider adding to a retirement account or other long-term savings.
Stay informed and proactive
A little knowledge can go a long way toward maximizing your refund and preparing for next year.
Understand standard tax deductions and credits
Many people leave money on the table by missing out on deductions and credits. Research which ones you qualify for—like student loan interest deductions, childcare credits, or energy-efficient home improvements. Check out this guide for tax-smart moves.
Plan ahead for next year
- Keep tax documents organized year-round: A simple folder (physical or digital) can save you time next year.
- Adjust your withholdings if necessary: If you always owe or get a big refund, you might want to tweak your W-4 form.
- Make estimated tax payments if needed: If you’re self-employed or have other income without withholding, paying quarterly estimates can help you avoid surprises at tax time.
WRCU is here to make tax season lovely…as can be
At White River Credit Union, we know tax season isn’t exactly romantic, but we’re here to make it as painless as possible. Whether it’s setting up direct deposit, helping you open a savings account, or offering friendly advice, we’re always just a call or visit away.
If you have questions, reach out—we love helping our members thrive, no matter the season. At WRCU, banking is personal, and we’re all about making life easier for you.
