Low-Cost Tax Program

Tax return preparation for tax year 2019 is now available in all SECU branches!

SECU’s Low-Cost Tax Program is available to members for a flat rate of $75 per return. If you are eligible to participate, SECU preparers can complete and electronically file both your federal and North Carolina tax returns!

To participate in SECU's Low-Cost Tax Preparation program, you must meet the following criteria:

  • Be a Credit Union member
  • Only have tax reporting items within the scope of our program (see list below)
  • Have been a full-year resident of North Carolina or one of its bordering states (Virginia, Tennessee, Georgia, or South Carolina) during the tax year
  • Only have income from North Carolina or one of its bordering states during the tax year
The Credit Union can generally prepare your tax return through the Low-Cost Tax Program if the return will not include any of the following items1:

  • Income from states other than North Carolina, Virginia, Tennessee, Georgia, or South Carolina
  • Self-employment income that must be reported on Schedule C for businesses with employees, inventory, and/or a net loss
  • Rental income
  • Farm income
  • Active military income2
  • Adoption credits
  • Foreign earned income
  • Non-cash charitable contributions exceeding $500
  • Deductions for business use of the home
  1. Take your tax documents, the “Getting Started Kit,” and other items you will need to your local branch.
  2. An SECU tax preparer will review the information, determine if you are eligible to participate in the Low-Cost Tax Program, and ensure you have all necessary documents needed for us to file an accurate tax return.
  3. An SECU tax preparer will begin working on your tax return, and a completed return will be available for your review and signature as soon as possible.
  4. Once you have signed your return and paid the $75 fee3, the Credit Union can electronically file4 the return and will provide you a with a copy.
The “Getting Started Kit” provides information regarding eligibility, items to bring with you, and several forms that must be completed before meeting with an SECU tax preparer. To reduce wait time at the branch, we suggest you review the “Getting Started Kit,” gather your required information and documentation, and complete the necessary forms (including the “Getting Started Kit”) prior to coming to the branch.

Getting Started Kit

Along with the completed forms from the “Getting Started Kit,” please also bring the following items when meeting with an SECU tax preparer:

  • Picture ID for yourself (and your spouse, if applicable)
  • Social Security cards for yourself and all other individuals on your return (spouse and all dependents)
  • Your prior year tax return
  • All income documents including W-2s, 1099s and other tax documents
  • Form1095-A if you had health insurance through the Marketplace
  • Form 1098-T and other documentation of higher education expenses such as tuition and fees, books and supplies, and student loan interest
  • Daycare expenses and the daycare provider's name, address and tax ID number
  • Documentation of, or a detailed listing to support, itemized deductions, if applicable. Such deductions may include the following:
    • Mortgage loan interest paid
    • Charitable contributions
    • Property taxes paid (home and auto)
    • Medical expenses
  • Financial statements or other documents to support retirement plan rollovers
In lieu of bringing individual receipts and statements, you can complete and provide the Itemized Deduction Detail Sheet.

1 The above list is not all-inclusive. Tax items other than those listed above may be outside of the scope of our program. A Credit Union tax preparer will review all documentation before preparing your return to confirm eligibility. Please contact your local branch for additional details.
2 SECU preparers can prepare returns with military retirement income on form 1099R but are not certified to prepare returns with active military income (reported on form W2).
3 Eligible members can choose to have the $75 fee deducted from their tax refund. See the Fee From Refund Consent Form for eligibility requirements. For more details, please contact your local branch.
4 In rare instances, returns cannot be electronically filed. In those instances, a tax preparer will provide you with instructions on how to mail your completed return.