As tax season approaches, staying organized is key to maximizing deductions and minimizing stress. This comprehensive checklist will ensure you’re fully prepared and on track for filing.
PERSONAL INFORMATION
Personal Data
- Social Security Numbers and birthdates for you, your spouse and children
- Driver’s license information for taxpayer and spouse (license number, issuing state, expiration date, issue date)
Your Household (include only those for whom you provide >50% of their support)
- Name, date of birth, social security number, and gross income of any adult who lived with you all year
- Name, date of birth, social security number, and gross income
of any parent not living with you - Name, date of birth, social security number of any new additions to the family
INFORMATION ABOUT YOUR INCOME
Employment
- Forms W-2 for you and
your spouse
Self-Employment
- Forms 1099-Misc, if applicable
- Your Business Records:
- Income Statement (include revenue and expense detail)
- Detail of taxes paid
- Home office expenses
- Vehicle expenses or mileage log (records MUST be written)
- Listing of current year asset acquisitions and dispositions
- Medical insurance premiums
paid for you, your spouse,
and dependents - Self-employed retirement contributions (SEP, SIMPLE IRA, 401(k) plans)
Pension/Annuities
- Forms 1099-R or RRB-1099
for distributions from IRAs
or retirement plans - Any nondeductible IRA/Roth contributions or distributions thereof
- Qualified charitable distributions
from IRAs - Rollovers
Social Security Income
- Forms 1099-SA
Rental Income
- Forms 1099-Misc
- Income Statement (include revenue and expense detail and taxes paid)
- Listing of current year asset acquisitions and dispositions
Investment Income
- Forms 1099-DIV, 1099-INT: statements of dividends and interest
- Forms 1099-B: proceeds from broker transactions (include cost basis information for all non- covered stock sold)
- Schedules K-1: partnership, trust, estate and S Corporation income
Foreign Bank Account Information
- Bank information – location
(foreign country address),
name of institution - Account Information (account numbers and maximum account values during the year)
Miscellaneous Income
- Form 1099-G for state/local tax refunds or unemployment income
- Form 1099-S for Income on
Sale of Property - Settlement sheets for any sale, purchase, or refinance of residence and original basis of house sold
- Form 1099-C from Cancellation
of Indebtedness Income - Alimony received and date of
court ruling - Scholarships, fellowships
Other: - Medical Savings Account
jury duty - Gambling/lottery winnings
prizes/awards, etc.
ADJUSTMENTS, DEDUCTIONS,
AND CREDITS INFORMATION
Child Care Expenses
- Name, address, tax ID or social security number, and amount paid (NOTE: include day camp expenses but not the cost of summer school)
Education
- Form 1098-E for student loan interest
- Form 1098-T for tuition paid Contributions to 529 plans
- Form 1099-Q for payments from a qualified education program and related expenses
Educators (Grades K-12)
- Expenses paid for classroom supplies (receipts, canceled checks)
Retirement Contributions (IRA & Roth IRA)
- Records of contributions made for the current tax year completed by 4/15/2024
INFORMATION ABOUT YOUR INCOME
Employment
- Forms W-2 for you and
your spouse
Self-Employment
- Forms 1099-Misc, if applicable
- Your Business Records:
- Income Statement (include revenue and expense detail)
- Detail of taxes paid
- Home office expenses
- Vehicle expenses or mileage log (records MUST be written)
- Listing of current year asset acquisitions and dispositions
- Medical insurance premiums
paid for you, your spouse,
and dependents - Self-employed retirement contributions (SEP, SIMPLE IRA, 401(k) plans)
Pension/Annuities
- Forms 1099-R or RRB-1099
for distributions from IRAs
or retirement plans - Any nondeductible IRA/Roth contributions or distributions thereof
- Qualified charitable distributions
from IRAs - Rollovers
Social Security Income
- Forms 1099-SA
Rental Income
- Forms 1099-Misc
- Income Statement (include revenue and expense detail and taxes paid)
- Listing of current year asset acquisitions and dispositions
Investment Income
- Forms 1099-DIV, 1099-INT: statements of dividends and interest
- Forms 1099-B: proceeds from broker transactions (include cost basis information for all non- covered stock sold)
- Schedules K-1: partnership, trust, estate and S Corporation income
Foreign Bank Account Information
- Bank information – location
(foreign country address),
name of institution - Account Information (account numbers and maximum account values during the year)
Miscellaneous Income
- Form 1099-G for state/local tax refunds or unemployment income
- Form 1099-S for Income on
Sale of Property - Settlement sheets for any sale, purchase, or refinance of residence and original basis of house sold
- Form 1099-C from Cancellation
of Indebtedness Income - Alimony received and date of
court ruling - Scholarships, fellowships
Other: - Medical Savings Account
jury duty - Gambling/lottery winnings
prizes/awards, etc.