CrossState’s Simpson and York Educational FCU’s Mohn Discuss Tax Season Tips on PA Newsmakers
Yesterday, CrossState Chief Financial Officer, Brad Simpson, and York Educational FCU’s President and CEO, Pamala Mohn, joined PA Newsmakers Host Terry Madonna to talk about the tax season, ways to ease tax debt stress, what to do with your tax return, and ways to protect yourself and your tax refund.
Here are a few of their key points:
How to Ease Tax Debt Stress
- Don’t file your federal tax return late
- File as soon as possible if you already missed the tax deadline
- Explore an IRS Online Payment Plan
Best Ways to Spend Your Tax Return
- Prioritizing savings and debt payments are the best ways to use a tax refund
- Build an Emergency Fund
- Boost Your Retirement Fund
- Save It for a Rainy Day
- Fund a College Education
- Add to Your HSA
- Invest in Your Home & Family
- Help Others
- Don’t Overspend & Splurge
How to Protect Yourself and Your Tax Refund
- The IRS is often the first to inform victims that identity theft has occurred in the form of an IRS notice issued after they file their own returns.
- Tips to protect you from becoming a victim:
- Guard Your Personal Information
- Watch Out for IRS Impersonators
- Protect Information on Your Computer
- Contact the IRS Identity Protection Specialized Unit
Watch the full recording on the PA Newsmakers website. You can also catch this episode on the following days, times, and stations:
- WGAL Channel 8 (Harrisburg and Lancaster) Sunday, March 10th at 11:30 AM
- WBPH (Lehigh Valley and Philadelphia) Monday, March 11th at 8:30 PM
- WLYH (Harrisburg, Lebanon, York7th) Monday, March 11th at 8:30 PM
- WKBS 47 (Altoona) Saturday, March 16th at 9:30 AM
- WPCB 40 (Pittsburgh) Saturday, March 16th at 9:30 AM
- MeTV (Susquehanna Valley) Sunday, March 10th at 9:30 AM