06 Mar

Tax Tips for Police Officers!

tax tips for police officersYes, it’s everybody’s favorite time of year. The weather is starting to warm up. There is an occasional wisp of a warm breeze from the south. The sunshine seems to do more than make the cold more obvious… Spring is on its way! You know what else is on its way? The tax-filing deadline (woomp woooomp). If you’re somebody who dreads doing taxes, well, you probably already know you’re not alone. But we’re here to help you through this dreary time, and maybe you’ll even make money! Did you know that as a law enforcement officer, you have a wide array of options for deductions? Your cell phone bill, dry cleaning costs, and ammunition are just a few of the often-overlooked deductions that law enforcement officers may be able to claim.*

Filing on your own this year? We love your go-getter attitude! Just keep in mind that you have plenty of sites available to help make the process easier. We’ve gathered some of the best tax preparation websites for you and given brief descriptions as to how they’ll help best. Now go do those taxes!

Best Law Enforcement Specific Tax Preparation Sites: Read More

09 Apr

Advice on How to Use Your Tax Refund

How to spend your tax return RMLEFCU Save it, invest it, spend it or pay down some debt? These are all options on how you can use your tax refund check this year. Although it seems like a bonus, a tax refund is technically money you earned, paid the government in advance, and they are now returning it to you. Thus, a tax refund check should be looked at like a savings account you didn’t know you had rather than a gift from Uncle Sam.

So, what should you do with it? The right answer can only be found by looking at your current financial situation and weighing your options. Here are some tips to help you determine the best use of your tax refund based on your particular circumstances. Read More