Does Navy Federal Do Taxes?
As one of the largest credit unions in the United States, Navy Federal Credit Union offers a wide range of financial services to its members. One of the most common questions among its members is whether the credit union offers tax preparation services. In this article, we will answer this question and provide more information about Navy Federal’s tax services.
What Services Does Navy Federal Offer?
Navy Federal Credit Union offers a variety of tax preparation services to its members. These services include:
- Tax Preparation Software: Navy Federal offers its members access to tax preparation software, such as TurboTax and H&R Block, to help them prepare their taxes online.
- Tax Preparation Assistance: The credit union also offers in-person tax preparation assistance at its branches, where members can receive guidance and support from tax professionals.
- Audit Support: If a member is audited by the IRS, Navy Federal offers audit support services to help them navigate the process.
- Tax Refund Options: Navy Federal members can also opt for direct deposit of their tax refund into their credit union accounts.
How to Get Started with Navy Federal’s Tax Services
To get started with Navy Federal’s tax services, members can follow these steps:
- Log in to Online Banking: Members can log in to their online banking account to access the tax preparation software and other tax services.
- Choose a Tax Preparation Option: Members can choose from the tax preparation software options available, such as TurboTax or H&R Block, or opt for in-person tax preparation assistance at a branch.
- Gather Required Documents: Members will need to gather all required tax documents, such as W-2s, 1099s, and other relevant paperwork.
- Prepare and File Taxes: Members can use the tax preparation software to prepare and file their taxes online, or visit a branch for in-person assistance.
Benefits of Using Navy Federal’s Tax Services
There are several benefits to using Navy Federal’s tax services, including:
- Convenience: Members can prepare and file their taxes from the comfort of their own homes, or receive in-person assistance at a branch.
- Expert Guidance: Tax professionals are available to provide guidance and support throughout the tax preparation process.
- Security: Navy Federal’s online tax preparation software is secure and protected by robust security measures.
- Audit Support: If a member is audited, Navy Federal offers audit support services to help them navigate the process.
Fees and Pricing
Navy Federal’s tax services come with fees and pricing, which vary depending on the type of service chosen. Here are some examples:
| Service | Fee |
|---|---|
| TurboTax Deluxe | $39.99 |
| TurboTax Premier | $59.99 |
| H&R Block Tax Software | $49.99 |
| In-Person Tax Preparation | Free |
Conclusion
Navy Federal Credit Union offers a range of tax preparation services to its members, including tax preparation software, in-person tax preparation assistance, audit support, and tax refund options. These services are designed to make tax preparation easier and more convenient for members, and offer expert guidance and support throughout the process. While there are fees associated with these services, they can be a valuable resource for members who need help preparing and filing their taxes.
