What Documents Do I Need To Prepare Before Filing My Taxes?

Before Filing Your Taxes: Essential Documents

1. Personal Information: Full name, Social Security number (or taxpayer identification number) for yourself, your spouse (if applicable), and any dependents you will claim on your tax return.

2. Income Documents: Gather essential tax documents including W-2 forms, 1099 forms reflecting various types of income, and records of additional income like rental earnings or state tax refunds.

3. Deduction and Credit Documents: Collect necessary tax documents including Form 1098 for mortgage interest, property tax statements, medical expense receipts, charitable contribution records, education expense records, and retirement savings contribution records.

4. Tax Forms: Gather your prior year's tax return and any necessary tax forms and schedules, such as Schedule C for self-employment income or Schedule D for capital gains, to report income, deductions, and credits accurately.

5. Additional Information: Have your bank account information ready for direct deposit of tax refunds, along with a valid form of identification like a driver's license or state ID card to confirm your identity.