Filing your taxes doesn’t have to be stressful or confusing. With a little preparation—and the right documents—you can make tax season smoother, faster, and far less overwhelming. Whether you’re filing for the first time or just want a refresher, this guide breaks down what you need to know in plain language.
At Community Resource FCU, we believe managing your money should feel friendly, local, and easy, especially during tax time.
Start With the Basics: Personal Information
Before gathering income forms, make sure you have your basic information ready. This helps avoid delays and errors when filing. Have these items on hand:
Social Security number (or ITIN) for you and anyone on your return
Bank account and routing numbers for direct deposit or payments
Last year’s tax return (if available)
Your current address and legal name on file with the SSA
Keeping this information in one place can save time and reduce frustration later.
Income Documents You’ll Likely Need
Most tax filings start with reporting income. These forms are usually sent to you in January or February. Common income documents include:
W-2 forms from employers
1099 forms for freelance work, interest, dividends, retirement income, or unemployment
1099-INT or 1099-DIV from banks or investment accounts
1099-R for pensions or retirement distributions
If you worked a side job, changed jobs, or had multiple income sources, double-check that you received all expected forms.
Don’t Forget Deductions and Credits
Deductions and credits can lower the amount of tax you owe—or increase your refund. You may need records for:
Charitable donations
Mortgage interest or property taxes
Student loan interest
Childcare or dependent care expenses
Education costs
Retirement or health savings account contributions
Most people take the standard deduction, but if your expenses are higher, itemizing may save you money. Tax software or a professional can help determine which option works best for you.
If Your Finances Are More Complex
Some situations require additional documentation. If any of the following apply to you, you may need further paperwork related to your income and expenses:
Self-employed or gig workers
Rental property owners
Gambling or prize winnings
Cryptocurrency or digital asset transactions
Small business owners
If this sounds like you, gathering records early is especially important.
Simple Tips to Stay Organized
Tax prep is easier when you stay organized year-round, but it’s never too late to start. Here are some helpful tips to make filing more approachable:
Create a single folder (digital or paper) for tax documents
Open mail from banks and employers as soon as it arrives
Keep receipts for major expenses
Don’t rush—review everything before filing
Free Financial Education for Members
Community Resource FCU members have free access to our Learning Center, which offers trusted financial education tools and resources to help you feel more confident all year long. From budgeting to long-term planning, we’re here to help make managing money easier.
Tax season doesn’t have to be intimidating. With preparation, reliable resources, and a little guidance, you can file with confidence and keep your financial goals on track, the friendly, local, easy way. Check out all the tools our members have access to that make filing simple this tax season!