01/31/2025
I know Tax Season is here!! I want to help you guys with a good checklist. Some information to have available when going to visit your tax preparer. Let’s make it easy for you this year.
2024 Tax Returns Checklist
Personal Information
✅ Social Security Numbers (SSN) – For yourself, spouse, and dependents
✅ Date of Birth – For yourself, spouse, and dependents
✅ Bank Account Information – Routing and account numbers for direct deposit
✅ Previous Year’s Tax Return – If applicable, for reference
Income Documents
✅ W-2 Forms – From all employers
✅ 1099 Forms – For additional income, including:
• 1099-NEC (Self-employment income)
• 1099-MISC (Freelance/gig work, rental income)
• 1099-K (Third-party transactions via PayPal, Venmo, etc.)
• 1099-INT/1099-DIV (Interest and dividend income)
• 1099-B (Investment and stock sales)
• 1099-R (Retirement distributions)
• SSA-1099 (Social Security benefits)
• 1099-G (Unemployment benefits)
✅ Alimony Received (if applicable)
✅ Rental Income & Expenses (if you own rental properties)
✅ Business Income & Expenses (for self-employed individuals)
✅ HSA Contributions & Distributions (Form 5498-SA & 1099-SA)
Deductions & Credits
✅ Education Expenses (Form 1098-T, student loan interest Form 1098-E)
✅ Mortgage Interest & Property Taxes (Form 1098)
✅ Charitable Donations (Receipts for cash and non-cash donations)
✅ Medical Expenses (Receipts if itemizing)
✅ State & Local Taxes Paid (including estimated tax payments)
✅ Childcare Costs (Provider’s name, address, and EIN/SSN)
✅ Retirement Contributions (IRA, 401(k), Form 5498)
✅ Energy-Efficient Home Improvements (Receipts for solar, HVAC, windows, etc.)
Tax Payments & Refunds
✅ Estimated Tax Payments (If self-employed or paid quarterly taxes)
✅ Previous Year’s Tax Payment Records
Special Situations
✅ Adoption Expenses (For potential tax credits)
✅ Foreign Bank Account Information (If applicable, for FBAR reporting)
✅ Cryptocurrency Transactions (Capital gains/losses from digital assets)
✅ Health Insurance Forms (1095-A, 1095-B, or 1095-C
Need a Quote?
Contact: Your Favorite Tax Lady @ 318-465-1726