What Documents Do I Need to Prepare My Taxes?

The specific documents you’ll need to prepare your taxes can vary based on your individual circumstances, but here’s a general list to get you started:

  1. Personal Information:
    • Social Security numbers (or individual taxpayer identification numbers) for yourself, your spouse, and any dependents.
    • Dates of birth for yourself, your spouse, and any dependents.
  2. Income Documents:
    • W-2 forms from all employers you worked for during the tax year.
    • 1099 forms for any additional income you received, such as freelance or contract work, interest, dividends, or rental income.
    • Income from any investments, including stocks, bonds, or mutual funds.
    • Retirement income, including distributions from IRAs, 401(k)s, or pensions.
    • Social Security benefits.
    • Unemployment compensation.
    • Income from any side gigs or self-employment.
  3. Expense Documents:
    • Receipts or records for any deductible expenses, such as medical expenses, mortgage interest, property taxes, charitable contributions, and unreimbursed business expenses.
    • Records of any deductible education expenses, such as tuition payments or student loan interest.
    • Documentation of any eligible energy-efficient home improvements or other tax credits.
  4. Health Insurance Documents:
    • Forms 1095-A, 1095-B, or 1095-C, which provide information about your health insurance coverage for the year.
  5. Other Miscellaneous Documents:
    • Any notices or correspondence from the IRS or state tax authorities.
    • Documentation of any estimated tax payments you made during the year.
    • Records of any tax refunds or payments you made for the previous tax year.

It’s a good idea to gather all of your relevant documents before you start preparing your taxes to ensure that you don’t overlook anything important. If you have specific questions about which documents you need based on your individual situation, it may be helpful to consult with a tax professional. (206) 838-3800 — info@ygacpa.com

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