12/31/2024
Tax season is here! It’s time to start gathering your documents to make your tax appointment stress-free. Use this checklist to ensure you’re fully prepared.
Personal Information
• Social Security Numbers (SSN) for yourself, spouse, and dependents.
• Bank account and routing numbers if you want a direct deposit refund.
Income Documents
• W-2 forms from all employers.
• 1099 forms for other income:
• 1099-NEC (self-employment income)
• 1099-MISC (miscellaneous income)
• 1099-INT (interest income)
• 1099-DIV (dividends)
• 1099-B (stock sales)
• 1099-G (unemployment compensation)
• 1099-R (retirement distributions)
• K-1 forms for income from partnerships, S-corps, or estates.
• Income from rental properties and self-employment.
Adjustments to Income
• Records of contributions to IRAs, Health Savings Accounts (HSAs), or student loan interest.
• Receipts for self-employment expenses, including health insurance.
Deductions and Credits
• Mortgage interest statement (Form 1098).
• Property tax statements.
• Records of charitable donations (cash and non-cash).
• Receipts for medical expenses if itemizing.
• Childcare expenses (provider’s name, address, and tax ID).
• Education expenses (Form 1098-T for tuition).
• Estimated Tax Payments
• Record of any quarterly estimated tax payments made throughout the year.
Other Important Documents
• Last year’s tax return for reference.
• Identity Protection PIN (if issued by the IRS).
• Records of major life changes (marriage, divorce, dependents).
Tips for Staying Organized
• Use a folder or digital tool to store all relevant documents.
• Double-check that you have everything before filing to avoid delays.
By gathering these documents ahead of time, you’ll streamline the tax filing process and reduce stress.
TAX LOYALTY will begin accepting clients for the new tax season starting January 2!
