Tax Preparation

30 Mins

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Here's a list of important documents you'll need for filing your personal US income tax:

  1. Personal Information:

    • Social Security numbers (SSNs) or Individual Taxpayer Identification Numbers (ITINs) for you, your spouse, and any dependents.

    • Bank account and routing numbers for direct deposit or payment.

  2. Income Documents:

    • W-2 Forms: From all employers.

    • 1099 Forms: For various types of income, such as:

      • 1099-INT (interest income)

      • 1099-DIV (dividends and distributions)

      • 1099-B (sale of stocks, bonds, or mutual funds)

      • 1099-R (retirement plan distributions)

      • 1099-MISC (miscellaneous income)

      • 1099-NEC (nonemployee compensation)

      • 1099-G (unemployment compensation)

      • 1099-K (payments from payment cards and online marketplaces)

    • SSA-1099: Social Security benefits.

    • W-2G: Gambling winnings.

  3. Deductions and Credits:

    • Mortgage Interest Statement (Form 1098).

    • Property Tax Records.

    • Receipts for Charitable Donations.

    • Medical and Dental Expense Records.

    • Childcare or Dependent Care Expenses.

    • Education Expenses: Tuition, fees, and student loan interest (Forms 1098-T and 1098-E).

    • Retirement Contributions: Records of contributions to IRAs, 401(k)s, etc.

    • Health Savings Account (HSA) Contributions.

  4. Other Relevant Documents:

    • Last Year's Tax Return: For reference.

    • Records of Estimated Tax Payments: If applicable.

    • Receipts for Major Purchases: If claiming sales tax deduction.

    • Records of Digital Asset Transactions: If applicable.

Having these documents ready will help ensure a smooth and accurate tax filing process. If you have any specific questions or need further assistance, feel free to ask!

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