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Tax Information

Look here for information about your annual tax statements, how to direct deposit your tax refund into your IBMSECU account, and how to get a discount on tax preparation through TurboTax.

Tax Statements

Looking for your 2017 Tax Statement? Here's what you need to know:

The IRS requires that 1099 statements be postmarked by 1/31 of each year. 1099s's and 1098's will be mailed to Members who receive paper statements by January 31, 2018. Members registered for eStatements will be sent an email notification that their Tax Statement is available inside Online Banking by January 31, 2018.

Once available, ALL Members can retrieve their tax statements in Online Banking by selecting the "All Services" menu and clicking on "Tax Information" and in Mobile Banking by selecting "Taxes."

IRA 1099SA’s are mailed by CUNA Mutual and are not available in Online Banking.

Dividends earned totaling less than $10.00 for deposit accounts (EXCLUDING IRA'S) are not reported to the IRS and a 1099 statement is not generated.

Interest paid of less than $600.00 on any first or second mortgage is not reported to the IRS and a 1098 statement is not generated. However, you can still claim this interest paid on your taxes. This information can be found on your last monthly statement for the year under Year To Date Summary.

Tax Refund Direct Deposit

If you expect a refund when you file your federal taxes, the IRS makes it easy for you to directly deposit these funds into your IBMSECU accounts. According to the IRS, you’ll get your refund up to 3 weeks earlier than by mail. It’s safer (can’t be lost or stolen), easier, and you get to use the money faster.

You can split your refund among up to three accounts with direct deposit!
 Your federal tax refund can be deposited into one, two, or three bank accounts. You can even deposit your refund into an individual retirement account (IRA)!

To direct deposit your refund into only one account, go to the Refund section of your tax return (such as Form 1040) and fill in the information as indicated below.

If you want your federal refund deposited into two or three accounts, download IRS Form 8888 and complete it with the account information as indicated below. Submit this form along with your tax return to indicate how you want your refunds to be split. You do not need to split your refund evenly among the accounts.

Please double check to make sure the routing number and account numbers you enter are accurate to avoid losing your refund.

Direct Deposit to your IBMSECU Checking or Money Market Account

Routing Number: 267077627
Type: Checking
Account Number: Enter the second set of numbers located on the bottom of your check. Do not include the check #.


Direct Deposit to your IBMSECU Primary Savings Account

Routing Number: 267077627
Type: Savings
Account Number: Enter your IBMSECU Membership Number

TurboTax Discount

IBMSECU has partnered with TurboTax to get you your biggest possible refund, plus receive a discount of up to $15 on TurboTax federal products!

Grab your W-2s, file now with TurboTax, and get your guaranteed maximum refund fast! And with TurboTax Absolute Zero, you can file your simple federal and state taxes for $0!

TurboTax Sweepstakes - Save Up To $15

Save up to $15 on TurboTax Online Federal Products!

Educational Module: Smart Tax Planning


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