Tax Prep
Guide

We Can Help You File Taxes

Tax season is upon us and we want to help make the process of filing your 2021 income taxes as simple and painless as possible. We’ve created a guide for our members. Here’s what you may need from us to prepare your taxes.

Tax Deadline: April 18, 2022

Form 1099-INT

Who Is This Form For?

Form 1099-INT for each person:

  • To whom you paid amounts reportable in boxes 1, 3, and 8 of at least $10,
  • For whom you withheld and paid any foreign tax on interest, or
  • From whom you withheld (and did not refund) any federal income tax under the backup withholding rules regardless of the amount of the payment.

How To Access It

  • Your 1099-INT information was included at the end of your December month-end statement.
  • Access it online through online banking or in mobile banking on a mobile browser:
    • Select the My Documents tab to access your 1099-INT and all monthly statements
    • Please Note: Your 1099-INT is also available on the mobile app by tapping More > eStatements > Tax Statements

Mortgage Form 1098

Form 1098 is used to report mortgage interest of $600 or more paid by you during the year. If you paid less than $600 in interest you won’t receive a 1098, but instead you can find that information on your year-end statement. You will receive a statement from the institution that holds your mortgage.

Honor or Neighborhood Mortgage Solutions

  • You will receive a Form 1098 in the mail by the end of January (mailed separately if interest expense exceeds $600).

Midwest Loan Services

  • You should have received a Form 1098 in the mail by the end of January. 
  • Access it electronically if you’re enrolled in Midwest’s online account.

Ready to File?

Once you’ve gathered all of your required tax documents, here are some important details you’ll need for the filing process to ensure a seamless delivery and refund.

Account Number Information

To find your account / member number:

  • Within desktop online banking, it can be found by clicking on Member Services at the top, then eStatements.
  • Within the mobile app, tap More on the bottom, then eStatements

Enjoy A TurboTax Discount

turbotax logo

TurboTax makes it easy to file your taxes from the comfort of home, asking simple questions and guiding you every step of the way. Finish now to get your max refund, guaranteed — and save up to $15 for being an Honor member! 

Mobile Deposit Your Refund Check

We know filing taxes can be stressful enough, so instead of trying to find time to get to your local Honor member center, you can simply deposit your physical refund check using the Honor app! It’s free to use and only takes a few taps.

How To Make a Mobile Deposit

Please Note: To avoid any delay, please be sure to include "For HCU Mobile Deposit Only" when endorsing the check.

We’ve answered some of the most frequently asked questions about mobile check deposit.

View FAQs >

a smart phone with a screenshot of mobile check deposit within honor credit union's mobile app

Download Our Mobile App Today!

Access Your Refund Early

If you selected to have your tax refund deposited into your account through direct deposit, you can access it early with our Instant Deposit* feature! As soon as you see your direct deposit pending within online banking, or on the mobile app, you can access those funds! 

Details

An instant deposit* is defined as early access to a direct deposit that is scheduled to post to your account. An instant deposit is a way for you to gain access to your funds sooner.

How To Request An Instant Deposit

You can request an instant deposit within your online banking, in the Honor app, or by calling 800.442.2800. Follow the steps below for online banking and the mobile app.

  1. Log in to online banking
  2. In the My Accounts tab select ACH Transactions
  3. Select the ACH transaction you wish to instantly deposit and click Post Now

a screenshot of online banking on a desktop computer view showing how to access funds early from a pending ACH deposit

4. Confirm your instant deposit request and select an account to have the $10 fee drawn from

a screenshot of online banking on a desktop computer view showing how to choose which account to pull a fee from to access funds early from a pending ACH deposit

  1. Log in to the Honor mobile app
  2. Tap Accounts on the bottom menu, and then tap My Accounts
  3. Tap ACH Transactions
  4. Select the ACH transaction you wish to instantly deposit and tap Post Now

screenshot showing the ach transactions available to be posted immediately

5. Confirm your instant deposit request and select an account to have the $10 fee drawn from

screenshot explaining the fee involved with posting an ach transaction immediately and asking which account to pull the fee from

 

$10 fee per instant deposit to gain early access to funds. No checking account required. Direct Deposit and earlier availability of funds are subject to the timing of payer’s funding, and credit union approval. Honor Credit Union cannot guarantee a payer’s funds will be available for instant deposit. Requests per each Direct Deposit must be made within online banking or by contacting the credit union. Insured By NCUA.