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Taxes Checklist: What Do You Need to File?

Taxes Checklist: What Do You Need to File?

Here's a checklist with the documents most of you would probabely need to send. Use it to make sure you’re covered:

Personal Information:

SSN and Date of Birth (yours and your spouse)

Copies of last year’s tax returns for both spouses (optional, but helpful)

Bank account number and routing number for depositing returns

Income information:

  • Form W-2
  • 1099-C - Debt cancellation form
  • 1099-G - Form for unemployment benefits or tax refunds already received
  • 1099-MISC - for income from freelance work
  • 1099-R or 8606 - for payments/distributions from IRAs or retirement plans
  • 1099-S - forms for income from sale of a property
  • 1099-INT or -DIV or -B or K-1 for income from investments or shares
  • SSA-1099 for Social Security benefits

More info:

  • Alimony received
  • Business or farming income - profit/loss statement, capital equipment information
  • Income/expenses from rental of property
  • Any additional income: prizes, grants, scholarships, etc.

Forms that can help you trickle down the tax breaks:

  • 1098-E for student loans interest paid
  • 1098-T for payment of tuition fees
  • Receipts for home improvements in energy (installation of solar system, for example)
  • Records of Medical Savings Account (MSA) contributions
  • Health insurance records for self-employed workers
  • Receipts for moving expenses (carriers, new telephone lines, etc.)
  • Child support payments

Deductions and credits:

The US government offers tax benefits in many cases, which will usually significantly lower your tax account or even get some money to your pocket. You will need any of these documents to get your benefits:

  • Education Costs: Form 1098-T
  • Adoption costs: the child's SSN number and documentation of medical, legal and even transportation costs
  • Form 1098: interest on mortgage, private mortgage insurance (PMI), and points paid
  • Receipts for donations and charity
  • Medical expenses and dental expenses
  • Casualty and theft losses: amount of damage, insurance reimbursements
  • Home renovation expenses
  • Rental property income/expenses: profit/loss statement, rental property suspended loss information

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