Why you might need your bank statement to file taxes

GTU Sponsor
Sign up for our GTU Newsletter and Recipe Newsletter, bringing you our favorite recipes, guests, and more every day!

For a limited time, when you bring your balances from other institutions to your Visa from America First, they will give you three percent of the transfer amount. Not only will you save significantly but you’ll get some extra cash in the process.

It’s easy to get started and earn your three percent by contacting a friendly member service representative by phone or by visiting your local branch today.

The three percent balance transfer promotion runs through February and you can receive up to $300 with this great promotion. 

What’s the difference between a bank and a credit union? Why does it matter?

While the two appear to have many similarities, there are some big differences between the two. The first is that a bank is owned by shareholders while a credit union is member-owned. When you join a bank, you may need to pay a fee. Because a credit union is member-owned we require the purchase of a share and, typically, that’s no more than $1. Each person and your finances are different. 

Do I need to know anything about my bank statements when filing my taxes?

The IRS does require you to keep documentary evidence for any expenses you plan to use for a tax credit or deduction. These can include bank statements but can also include receipts and copies of bills. Most financial institutions allow you to see previous months statements via their online banking, however, you may want to double check so you can submit your request for statements in advance of filing your taxes.

Visit www.AmericaFirst.com for more details.

This story includes sponsored content.

Copyright 2020 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Utah VP Debate

More Utah Debate

Good Things Utah Sponsors