FRAUD ALERT
There have been recent instances of fraudsters impersonating our fraud services department in an attempt to gain access to sensitive account information for the purpose of accessing members’ accounts. When doing so, the fraudster’s call may display the credit union’s phone number. Do not give out your account information including account history, email, phone number(s) without positively knowing who you are speaking to. When in doubt, HANG UP, and DIAL the Credit Union directly at 912-236-4400.
CLOSED FOR COLUMBUS DAY
All Georgia Heritage FCU Branches and Call Center will be closed on Monday, October 9th for Columbus Day and Indigenous Peoples’ Day, and will reopen on Tuesday, October 10th.
Routing Number: 261271694
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Tax Season is Underway: Don’t Forget these Tax Deductions

Jan 21, 2020

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Following are several tax deductions you may wish to consider.

As you gear up to file your 2019 taxes this year, make sure you understand the full range of tax deductions available. Here are a few you might not be aware of.

1. Health Insurance Premiums

Deductible medical expenses must exceed 10 percent of your adjusted gross income to be claimed as an itemized deduction. However, if you’re self-employed and pay your own health coverage, you may be able to deduct 100 percent of your premium.

2. Teacher Tax Savings

Qualified K-12 educators can deduct up to $250 for classroom materials.

3. Charitable Gifts

In addition to money or goods given to charitable organizations, out-of-pocket expenses for charitable work also qualify.

4. Paying the Babysitter

You may be able to deduct babysitter expenses if you’re paying someone to watch the kids while you freely volunteer for a recognized charity.

5. Lifetime Learning

You can deduct up to $2,000 per year, taking off 20 percent of the first $10,000 you spend for post-high school education. This does phase out at higher income levels but doesn’t discriminate based on age.

6. Self-Employed Social Security

Although self-employed individuals have to pay 15.3 percent of your income for social security and Medicare taxes, you do get to deduct the 7.65 percent employer portion off your income taxes.

Contact Georgia Heritage Federal Credit Union for more information.

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Become a Member of GHFCU

Anyone who lives, works, worships, or attends school in Chatham, Effingham, or Bryan counties in Georgia and their immediate family members may gain membership to the Credit Union.

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