Tax Time Solutions

TurboTax

UVA Community Credit Union members can save up to $15 on the purchase of a TurboTax Federal Product. Visit the UVA Community Credit Union TurboTax member website to qualify for the discount.

Earned Income Tax Credit

The Earned Income Tax Credit is a tax break for people who work but do not earn high incomes. Taxpayers who qualify and claim the credit could pay less federal tax, pay no tax, or receive a refund. Learn more.

Tax Prep Services

UVA Community Credit Union offers two different tax preparation services to simplify the process of tax filing. Learn more.

Tax Refund Direct Deposit Information

The IRS makes it easy for you to direct deposit your tax refund into your credit union savings or checking accounts when filing your federal taxes. Direct deposit is safer, easier and you get the money faster than having a check sent by postal mail.

According to the IRS, you can get your refund in 7-10 days.

The new Path Act delays refunds for certain taxpayers. Learn more.

To direct deposit your refund, go to the refund portion of your tax return:

  • Enter Your UVA Community Credit Union's Routing Number: 251480181
  • Select the account type: checking or savings
  • Enter your 6 digit UVA Community Credit Union account number
  • Double check that you've typed the account number correctly
  • Do not direct your tax refund to someone else's account
  • Go to www.irs.gov to check the status of your refund
  • Verify that your ACH deposit amount is what you expected  

Path Act Delays Some Refunds

New Path Act Delays Some Refunds in 2017 

Beginning in 2017, a new law requires the IRS to hold refunds on tax returns claiming the Earned Income Tax Credit or the Additional Child Tax Credit until mid-February. Under the change required by Congress in the Protecting Americans from Tax Hikes (PATH) Act, the IRS must hold the entire refund – even the portion not associated with the EITC and ACTC – until at least February 15. This change helps ensure that taxpayers get the refund they are owed by giving the IRS more time to help detect and prevent fraud. 

The IRS will begin releasing EITC and ACTC refunds starting February 15. However, the IRS cautions taxpayers that these refunds likely won’t arrive in bank accounts or on debit cards until the week of February 27 (assuming there are no processing issues with the tax return and the taxpayer chose direct deposit). This additional period is due to several factors, including banking and financial systems needing time to process deposits.

Useful Tax Links

Earned Income Tax Credit
Tax Prep Services
Employer Resources for EITC
Internal Revenue Service (IRS)
Virginia Department of Taxation
IRAs
Financial Planning

 

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