--- title: Blog- USC Credit Union | Katherine description: USC Credit Union Blog --- [ATM/Locations](https://www.usccreditunion.org/atm-locator/) [![USC Credit Union](https://blog.usccreditunion.org/hs-fs/file-1104064193-png/images/logo.png "USC Credit Union")](http://www.usccreditunion.org) - [Services](https://www.usccreditunion.org/) - [Bank](https://www.usccreditunion.org/) - [Checking](https://www.usccreditunion.org/product-landing/checking) - [Cardinal Checking](https://www.usccreditunion.org/products/cardinal-checking) - [Gold Checking](https://www.usccreditunion.org/products/gold-checking) - [Trojan Checking](https://www.usccreditunion.org/products/trojan-checking) - [Compare Accounts](https://www.usccreditunion.org/product-comparison/checking-accounts) - [Cards](https://www.usccreditunion.org/product-landing/cards) - [Platinum MasterCard](https://www.usccreditunion.org/products/platinum-mastercard) - [Platinum Rewards MasterCard](https://www.usccreditunion.org/products/platinum-rewards-mastercard) - 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[ACH](https://www.usccreditunion.org/products/ach) - [Membership](https://www.usccreditunion.org/apply-now/) - [Contact Us](https://www.usccreditunion.org/contact-us/) [![USC Credit Union](https://blog.usccreditunion.org/hs-fs/file-1104064193-png/images/logo.png "USC Credit Union")](https://www-dev.usccreditunion.org/) [![location1](https://blog.usccreditunion.org/hs-fs/file-1131853048-png/images/location1.png)](https://www-dev.usccreditunion.org/atm-locator) - [Services](https://www.usccreditunion.org/) - [Bank](https://www.usccreditunion.org/) - [Checking](https://www.usccreditunion.org/product-landing/checking) - [Cardinal Checking](https://www.usccreditunion.org/products/cardinal-checking) - [Gold Checking](https://www.usccreditunion.org/products/gold-checking) - [Trojan Checking](https://www.usccreditunion.org/products/trojan-checking) - [Compare Accounts](https://www.usccreditunion.org/product-comparison/checking-accounts) - [Cards](https://www.usccreditunion.org/product-landing/cards) - [Platinum MasterCard](https://www.usccreditunion.org/products/platinum-mastercard) - [Platinum Rewards MasterCard](https://www.usccreditunion.org/products/platinum-rewards-mastercard) - [Debit/ATM Cards](https://www.usccreditunion.org/products/debit-atm-cards) - [Savings](https://www.usccreditunion.org/product-landing/savings) - [Regular Share](https://www.usccreditunion.org/products/regular-share-savings-account) - [Money Market](https://www.usccreditunion.org/products/money-market) - [Value+ Money Market](https://www.usccreditunion.org/products/value-money-market) - [Share Certificates](https://www.usccreditunion.org/products/share-certificates) - [Compare Accounts](https://www.usccreditunion.org/product-comparison/compare-savings-accounts) - [Borrow](https://www.usccreditunion.org/product-landing/borrow/) - [Vehicles](https://www.usccreditunion.org/product-landing/vehicles) - [Vehicle Loans](https://www.usccreditunion.org/products/vehicle-loans) - [Vehicle Refinancing](https://www.usccreditunion.org/vehicle-refinancing) - [Home Loans](https://www.usccreditunion.org/product-landing/home-loans) - [Purchase Options](https://www.usccreditunion.org/products/purchase-options) - [Refinance Options](https://www.usccreditunion.org/products/refinance-options) - [Home Equity](https://www.usccreditunion.org/products/use-equity) - [Credit Cards](https://www.usccreditunion.org/product-landing/credit-cards) - [Platinum MasterCard](https://www.usccreditunion.org/products/platinum-mastercard) - [Platinum Rewards MasterCard](https://www.usccreditunion.org/products/platinum-rewards-mastercard) - [Compare Credit Cards](https://www.usccreditunion.org/product-comparison/compare-credit-cards/) - [Personal Loans](https://www.usccreditunion.org/product-landing/personal-loans) - [Line of Credit](https://www.usccreditunion.org/product-landing/personal-loans/#Line%20of%20Credit) - [Term Loans](https://www.usccreditunion.org/product-landing/personal-loans/#Term%20Loans) - [Deposit-Secured Loans](https://www.usccreditunion.org/product-landing/personal-loans/#Deposit-Secured%20Loans) - [Student Loans](https://www.usccreditunion.org/product-landing/student-loans) - [In-School](https://www.usccreditunion.org/products/in-school-student-loans) - [Consolidation Loans](https://www.usccreditunion.org/products/consolidation-loan) - [Invest & Retire](https://www.usccreditunion.org/product-landing/invest-retire) - [Invest & Retire](https://www.usccreditunion.org/product-landing/invest-retire) - [Traditional IRA](https://www.usccreditunion.org/products/traditional-ira) - [Roth IRA](https://www.usccreditunion.org/products/roth-ira) - [Coverdell Education Savings](https://www.usccreditunion.org/products/coverdell-education-savings) - [Compare IRA Accounts](https://www.usccreditunion.org/product-comparison/compare-ira-accounts) - [Investment Services](https://www.usccreditunion.org/products/investment-services) - [Resources](https://www.usccreditunion.org/resources/personal-resources/) - [Resources](https://www.usccreditunion.org/resources/personal-resources) - [Personal Resources](https://www.usccreditunion.org/resources/personal-resources) - [Student Resources](https://www.usccreditunion.org/resources/student-resources) - [Calculators](https://www.usccreditunion.org/resources/calculators) - [News & Events](https://www.usccreditunion.org/resources/news-events) - [FAQs](https://www.usccreditunion.org/resources/faqs) - [eBooks](https://www.usccreditunion.org/resources/ebooks) - [Newsletters](https://www.usccreditunion.org/resources/newsletters) - [Requests, Forms & Applications](https://www.usccreditunion.org/resources/requests-forms-applications) - [Access](https://www.usccreditunion.org/product-landing/access) - [Access](https://www.usccreditunion.org/product-landing/access) - [ATMs & Branches Worldwide](https://www.usccreditunion.org/products/atms-and-branches-worldwide) - [Home Banking](https://www.usccreditunion.org/products/home-banking) - [Mobile Banking](https://www.usccreditunion.org/products/mobile-branch-access) - [Online Fund Transfer](https://www.usccreditunion.org/products/online-fund-transfer) - [Bill Pay](https://www.usccreditunion.org/products/bill-pay) - [Direct Deposit](https://www.usccreditunion.org/products/direct-deposit) - [Wire Services](https://www.usccreditunion.org/products/wire-services) - [ACH](https://www.usccreditunion.org/products/ach) - [Membership](https://www.usccreditunion.org/apply-now/) - [Contact Us](https://www.usccreditunion.org/contact-us/) # USC Credit Union Blog # USC Credit Union Blog ## Katherine ### Recent Posts ## [10 Financial Tips to Survive Post-Graduation Life](https://blog.usccreditunion.org/blog/10-financial-tips-to-survive-post-graduation-life?hsLang=en-us) Posted by [Katherine](https://blog.usccreditunion.org/blog/author/katherine) on May 17, 2018 2:28:00 PM [![how-to-spend-graduation-money](https://blog.usccreditunion.org/hubfs/how-to-spend-graduation-money.jpg)](https://blog.usccreditunion.org/blog/10-financial-tips-to-survive-post-graduation-life?hsLang=en-us) [Read More](https://blog.usccreditunion.org/blog/10-financial-tips-to-survive-post-graduation-life?hsLang=en-us) - [Tweet](https://twitter.com/share) ## [Investment Tricks Anyone Can Do Part 1](https://blog.usccreditunion.org/blog/investment-tricks-anyone-can-do-part-1?hsLang=en-us) Posted by [Katherine](https://blog.usccreditunion.org/blog/author/katherine) on May 10, 2018 2:35:00 PM [![man-calculating](https://blog.usccreditunion.org/hubfs/man-calculating.jpg)](https://blog.usccreditunion.org/blog/investment-tricks-anyone-can-do-part-1?hsLang=en-us) [Read More](https://blog.usccreditunion.org/blog/investment-tricks-anyone-can-do-part-1?hsLang=en-us) - [Tweet](https://twitter.com/share) ## [25 Financial Things You Should Know by 25](https://blog.usccreditunion.org/blog/25-financial-things-you-should-know-by-25?hsLang=en-us) Posted by [Katherine](https://blog.usccreditunion.org/blog/author/katherine) on May 3, 2018 2:10:00 PM [![tips-for-young-adults-on-budgeting-and-saving](https://blog.usccreditunion.org/hubfs/tips-for-young-adults-on-budgeting-and-saving.jpg)](https://blog.usccreditunion.org/blog/25-financial-things-you-should-know-by-25?hsLang=en-us) [Read More](https://blog.usccreditunion.org/blog/25-financial-things-you-should-know-by-25?hsLang=en-us) - [Tweet](https://twitter.com/share) ## [9 Life Hacks for Your Personal Finances](https://blog.usccreditunion.org/blog/financial-life-hacks?hsLang=en-us) Posted by [Katherine](https://blog.usccreditunion.org/blog/author/katherine) on Apr 20, 2018 12:22:28 PM **![financial-hacks](https://blog.usccreditunion.org/hs-fs/hubfs/financial-hacks.jpg?width=1360&height=872&name=financial-hacks.jpg)** [Read More](https://blog.usccreditunion.org/blog/financial-life-hacks?hsLang=en-us) - [Tweet](https://twitter.com/share) ## [Why Open an IRA ?](https://blog.usccreditunion.org/blog/why-open-an-ira-?hsLang=en-us) Posted by [Katherine](https://blog.usccreditunion.org/blog/author/katherine) on Apr 12, 2018 2:10:00 PM [![ira-retirement.jpg](https://blog.usccreditunion.org/hubfs/ira-retirement.jpg)](https://blog.usccreditunion.org/blog/why-open-an-ira-?hsLang=en-us) [Read More](https://blog.usccreditunion.org/blog/why-open-an-ira-?hsLang=en-us) - [Tweet](https://twitter.com/share) ## [4 Smart Investments Using your Tax Return](https://blog.usccreditunion.org/blog/use-your-tax-return-as-an-investment?hsLang=en-us) Posted by [Katherine](https://blog.usccreditunion.org/blog/author/katherine) on Apr 5, 2018 1:22:00 PM [![tax-return-money.jpg](https://blog.usccreditunion.org/hubfs/tax-return-money.jpg)](https://blog.usccreditunion.org/blog/use-your-tax-return-as-an-investment?hsLang=en-us) It is smart to invest your tax return money. When we say invest, we do not mean to invest in your vacation plans. Though it may be tempting to see tax return as free vacation money, it might be wiser to save it, pay down debt, or invest for your future. [Read More](https://blog.usccreditunion.org/blog/use-your-tax-return-as-an-investment?hsLang=en-us) - [Tweet](https://twitter.com/share) ## [Considering Homeownership? Ask these 5 Questions First](https://blog.usccreditunion.org/blog/considering-homeownership-ask-these-5-questions-first?hsLang=en-us) Posted by [Katherine](https://blog.usccreditunion.org/blog/author/katherine) on Mar 29, 2018 3:30:00 PM [![first-home-buying.jpg](https://blog.usccreditunion.org/hubfs/first-home-buying.jpg)](https://blog.usccreditunion.org/blog/considering-homeownership-ask-these-5-questions-first?hsLang=en-us) [Read More](https://blog.usccreditunion.org/blog/considering-homeownership-ask-these-5-questions-first?hsLang=en-us) - [Tweet](https://twitter.com/share) ## [Taxes: The What, Who, and How](https://blog.usccreditunion.org/blog/taxes-the-what-who-and-how?hsLang=en-us) Posted by [Katherine](https://blog.usccreditunion.org/blog/author/katherine) on Mar 22, 2018 12:42:00 PM [![filing-taxes](https://blog.usccreditunion.org/hubfs/0-main-filing-taxes-romanr-shutterstock_583001296.jpg)](https://blog.usccreditunion.org/blog/taxes-the-what-who-and-how?hsLang=en-us)   We know tax preparation isn’t fun, but, unfortunately, it’s necessary. Though it may seem like an inconvenience, filing your taxes correctly can sometimes give you a nice return. You may be reluctant to begin because of the confusion on where to start or what information is necessary. We are here, however, to simplify taxes for you so the task can seem less daunting. What are income tax returns? Income tax returns are documents that are used to evaluate whether you owe any taxes this year or if you are eligible for a tax refund. Taxes are calculated based on your total income minus any deductions you are eligible for. Who has to file a federal income tax return? As a student with their first job or someone who may not be too informed about what taxes are, you may be wondering if you even should file them. If you fit one of these descriptions, then you will need to file a federal income tax return: - Gross income is over $10,000 as a single filer - Gross income is over $20,000 as a married joint filer - Earned over $400 from self-employment - Sold your home during the tax year - You owe taxes because of your retirement accounts (from distributions or excess contributions) - You owe Social Security and Medicare taxes on tips that were not reported to your employer or on wages that your employer did not withhold these taxes from Even if you do not owe taxes, you may still be eligible for a refund. **Examples:** - **Earned Income Credit:** This is a refundable credit designed for taxpayers who earn wages, yet fall into a low-income tax bracket. In many cases, people who qualify for this credit can receive a tax refund that is larger than the total amount of taxes withheld from their paychecks. - **Child and Dependent Care Credit:** If you paid to take care of a child (under the age of 13 and in your custody) or a spouse or adult dependent who is incapable of self-care, you may qualify for this tax credit, which can offset a percentage of the cost of their care. - **Education Tax Credits:** There are 2 main **[education tax credits](https://www.irs.com/articles/tax-benefits-education)** for qualified expenses (such as tuition and enrollment fees) paid by certain taxpayers for themselves, their spouse, or a dependent. - **Savers Credit:** Some taxpayers may be eligible to claim a tax credit for a portion of the money they contributed to a qualifying retirement account. # Ways to file your return: - **The old-fashioned way:** You can always work with pen and paper to complete the forms. To figure out which form is the correct form to use, **[check out the official website.](https://www.irs.gov/taxtopics/tc352)** - **Hire a professional:** If you don’t have the time or confidence to file your taxes yourself, you could always hire a tax professional to assist you. - **Receive Help:** If you make $54,000 or less, have a disability, or have limited English speaking capabilities, you are eligible to take advantage of **[VITA](https://irs.treasury.gov/freetaxprep/)** (Volunteer Income Tax Assistance). This program allows qualified households to receive tax return assistance by IRS-certified volunteers. - **[USC Vita](http://www.uscvita.org/) **is USC’s local chapter of this organization. Come to the USC Credit Union or the USC Community Computing Center during their operating hours to meet with a Vita member! - **Financial Software:** Take advantage of the digital age! Software like TurboTax and TaxAct can help simplify the process of filing taxes. [Check out our educational tool Financial Focu$ to see interactive and engaging modules on various financial topics including taxes!](https://usccu.everfi-next.net/welcome/members-achieve)   [Read More](https://blog.usccreditunion.org/blog/taxes-the-what-who-and-how?hsLang=en-us) - [Tweet](https://twitter.com/share) ## [Steps to Becoming a Home-Owner](https://blog.usccreditunion.org/blog/steps-to-becoming-a-home-owner?hsLang=en-us) Posted by [Katherine](https://blog.usccreditunion.org/blog/author/katherine) on Mar 15, 2018 2:43:00 PM [![house.jpg](https://blog.usccreditunion.org/hubfs/house.jpg)](https://blog.usccreditunion.org/blog/steps-to-becoming-a-home-owner?hsLang=en-us) Buying a home for the first time is an exciting milestone. It's easy to get caught up in the house-hunting aspect, especially after all those years of watching HGTV. There is a whole lot more to home-buying, however, than just looking for the right home.  [Read More](https://blog.usccreditunion.org/blog/steps-to-becoming-a-home-owner?hsLang=en-us) - [Tweet](https://twitter.com/share) ## [Alternative to Monthly Banking Fees](https://blog.usccreditunion.org/blog/avoid-monthly-bank-fees?hsLang=en-us) Posted by [Katherine](https://blog.usccreditunion.org/blog/author/katherine) on Feb 22, 2018 2:42:00 PM [![lady-sitting-looking-at-finances](https://blog.usccreditunion.org/hubfs/lady-sitting-looking-at-finances.jpg)](https://blog.usccreditunion.org/blog/avoid-monthly-bank-fees?hsLang=en-us) An increasing amount of large banks are now eliminating free banking options and are instead initiating monthly fees. Sadly, this trend seems like it is here to stay.  [Read More](https://blog.usccreditunion.org/blog/avoid-monthly-bank-fees?hsLang=en-us) - [Tweet](https://twitter.com/share) [All posts](https://blog.usccreditunion.org/blog/all) [Next](https://blog.usccreditunion.org/blog/author/katherine/page/2) ## Welcome to our Blog! ### We provide the tools to build a smart financial future. At USC Credit Union we put financial success in your hands. It's your future. Own it. ### Subscribe ### Recent Posts ### Topics - [Students (10)](https://blog.usccreditunion.org/blog/topic/students) - [Home Buying (8)](https://blog.usccreditunion.org/blog/topic/home-buying) - [Budgeting & Saving (6)](https://blog.usccreditunion.org/blog/topic/budgeting-saving) - [Taxes (4)](https://blog.usccreditunion.org/blog/topic/taxes) - [auto loans (4)](https://blog.usccreditunion.org/blog/topic/auto-loans) - [Credit Unions (3)](https://blog.usccreditunion.org/blog/topic/credit-unions) - [Financial Fitness (3)](https://blog.usccreditunion.org/blog/topic/financial-fitness) - [Fraud Awareness (3)](https://blog.usccreditunion.org/blog/topic/fraud-awareness) - [credit cards (3)](https://blog.usccreditunion.org/blog/topic/credit-cards) - [Identity Theft (2)](https://blog.usccreditunion.org/blog/topic/identity-theft) - [Invest (2)](https://blog.usccreditunion.org/blog/topic/invest) - [financial education (2)](https://blog.usccreditunion.org/blog/topic/financial-education) - [Digital Services (1)](https://blog.usccreditunion.org/blog/topic/digital-services) - [IRA (1)](https://blog.usccreditunion.org/blog/topic/ira) - [Managing Debt (1)](https://blog.usccreditunion.org/blog/topic/managing-debt) - [Scholarships (1)](https://blog.usccreditunion.org/blog/topic/scholarships) - [Share Certificates (1)](https://blog.usccreditunion.org/blog/topic/share-certificates) - [account (1)](https://blog.usccreditunion.org/blog/topic/account) - [credit (1)](https://blog.usccreditunion.org/blog/topic/credit) - [credit score (1)](https://blog.usccreditunion.org/blog/topic/credit-score) - [home (1)](https://blog.usccreditunion.org/blog/topic/home) - [usc (1)](https://blog.usccreditunion.org/blog/topic/usc) see all ### Follow Us - [About Us](https://www.usccreditunion.org/apply-now/about-us) - [Contact Us](https://www.usccreditunion.org/contact-us) - [ATM & Branches](https://www.usccreditunion.org/atm-locator) - [Careers](https://www.usccreditunion.org/careers) - [FAQs](https://www.usccreditunion.org/resources/faqs) - [Rates](https://www.usccreditunion.org/rate-summary) - [Forms](https://www.usccreditunion.org/resources/forms/) - [News & Events](https://www.usccreditunion.org/resources/news-events) - [Disclosures](https://www.usccreditunion.org/wp-content/uploads/disclosures.pdf) - [Fees](https://www.usccreditunion.org/wp-content/uploads/fees.pdf) - [Privacy Policy](https://www.usccreditunion.org/wp-content/uploads/privacy-policy.pdf) - [Terms of Use](https://www.usccreditunion.org/terms-of-use) - [Sitemap](https://www.usccreditunion.org/sitemap) - - - - [Federally Insured by NCUA](http://www.ncua.gov/) **If you are using a screen reader or other auxiliary aid and are having problems using this website, please call (877) 670-5860 for assistance.** © 2025 USC Credit Union. 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