Low-Cost Tax Program

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

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 items*:

  • Income from states other than North Carolina (You must also be a full year resident of NC to qualify)
  • Most self-employment income requiring a full Schedule C; we can prepare Schedule C-EZ
  • Rental income
  • Farm income
  • Military income**
  • Adoption credits
  • Foreign earned income
  • Non-cash charitable contributions exceeding $500
  • Deductions for business use of the home
*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.

**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).

  1. Compile all of your tax documents and take them to your local branch, along with the “Getting Started Kit” referenced below.
  2. An SECU tax preparer will review the information, determine if you are eligible to participate in the Low-Cost Tax Program and to 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; a completed return will be available for your review and signature within 5 business days.
  4. Once you have signed your return and paid the $75 fee, the Credit Union can electronically file*** the return and will provide you a with a copy. According to the IRS, if you are due a refund, you can generally expect to receive it within 8-15 business days.
***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.

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 complete this information prior to bringing your information 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
  • Healthcare tax documents including Forms 1095 A, B, or C, Marketplace Exemption Letters, etc.
  • Form 1098-T and other documentation of higher education expenses such as tuition and fees, book and supplies, and student loan interest
  • Daycare expenses and the daycare provider's name, address and tax ID number
  • Documentation or a detailed listing to support itemized deductions, if applicable. This may include items such as:
    • 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.