Taxes
cPort Credit Union Takes Part in Free Tax Preparation Program in Portland
cPort employees are volunteering their time to help Mainers get their 2022 taxes prepared for filing. The program we are taking part in is called CA$H Greater Portland. To be eligible for free tax preparation, your household must have made $60,000 or less in 2022. CA$H Greater Portland is a group of IRS-certified volunteer tax…
Read MoreLeverage The Tax-deferred Savings of an Individual Retirement Account
When it comes to retirement, many individuals are unaware of the benefits of saving for retirement outside of the typical 401K account. An Individual Retirement Account (IRA) is a different approach to saving for retirement. Individuals can choose to contribute to a Traditional IRA or a Roth IRA, or even both. Opening an IRA can…
Read MoreHow To Prepare For Tax Season
In the U.S., filing an annual tax return and paying income tax by April 15 each year is required. Collecting documents well ahead of time and storing them in a secure place is a good idea. Here is a list of what is needed to help prepare for tax season. Tax Documents January is when…
Read MoreSome Helpful Tips for Tax Season
The IRS has extended the tax deadline for individuals from April 15 to May 17, but that does not mean you should procrastinate when it comes to gathering necessary documents for filing your taxes. Here are a few key pointers to remember when it comes to being prepared and organized with your tax documents. The…
Read MoreStimulus Payments – What We Know.
The IRS started rolling out stimulus funds this week. So, your payment from the government is on the way. For some members, the money will be automatically deposited into your cPort Account. The IRS will use the account information you provided on your 2018 or 2019 tax return to deposit your funds. The IRS launched a…
Read MoreHow to protect yourself from tax refund fraud!
It’s that time of year again, tax return season. Over the next few months, fraudsters will be looking to steal tax refunds from thousands of people– don’t let it happen to you!
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