It’s Tax Refund Season!

The Internal Revenue Service announced Monday, Jan. 29, 2024, as the official start of the 2024 tax season. The agency will begin accepting and processing 2023 tax year returns on that date.  Changes that the IRS implemented last year to support taxpayers were successful.  As a result, the current tax season will continue to focus on improving the overall filing experience for consumers.

The IRS urges taxpayers to have all the information they need before they file a tax return. Filing a complete and accurate tax return can avoid extensive processing and refund delays, as well as avoid the possibility of needing to file an amended tax return.

If you expect a refund, be mindful of the following items concerning your SLCCU account:

    • When filing your taxes, your member number should be used in setting up direct deposit. Do NOT use the number on your checks. This long-form number will not match, and unfortunately, the deposit will be returned.
    • Tax refunds cannot be redirected. They must be posted to the account number provided with the deposit. If the account number is incorrect in any way, the deposit must be returned.
    • If your account was previously closed, and a tax refund is sent to St. Louis Community Credit Union, we are not able to reopen the account and accept the deposit. The IRS requires that the deposit be returned if the account is closed.
    • You may check the status of your refund in the following ways:
      • Visit the IRS website at 24 hours after e-filing, and select Where’s My Refund?
      • Using a mobile device, you can download the IRS2Go app to check the status of your refund; or
      • You can also call 1-800-829-4477 to check on the status, but only if:
        • It has been 21 days or more since you filed electronically;
        • More than six weeks since you mailed your paper return; or
        • The Where’s My Refund? tool on the website directs you to contact the IRS.

Getting an early start on your taxes has its benefits. Be prepared!

St. Louis Community Credit Union does not provide tax, legal or accounting advice. This content was prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal or accounting advice. Consult your own tax, legal and accounting advisors before engaging in any transaction.

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