Tax season should be a time to rejoice over your accomplishments from 2017, not a time to be stressed. Use this checklist to streamline your filing process.
- Your Social Security number (for you and your spouse and dependents, if applicable) and your employee identification numbers (EIN) for any business assets.
- Copies of last year's tax return for you and your spouse (helpful, but not required)
- Bank account number and routing number, if depositing your efund directly into your account
- W-2 Forms and 1099 Forms for 2017
- 1099-R, Form 8606 for payments/distributions form IRAs or retirement plans
- 1099-C forms for cancellation of debt
- Fees paid to a licensed day care center or family day care for care of an infant or preschooler.
- Wages paid to a babysitter.
- Cash amounts donated to houses of worship, schools, other charitable organizations
- Records of non-cash charitable donations
- Mileage driven for charitable purposes
- Total amount paid for health care insurance and expenses; along with itemized receipts
- Health Insurance
- Form 1095-A if you enrolled in an insurance plan through the Marketplace
- Form 1095-B and/or 1095-C if you had insurance coverage through any other source
- Marketplace exemption certificate (ECN) if you applied for and received an exemption from the Marketplace
Self-Employment and/or Business Information
- Form 1099-MISC
- Schedule K-1
- Income records to verify amounts paid if not reported on a 1099-MISC
- Records of all expenses paid in 2017 related to your self-employment business
- Business-use asset information (cost, date placed in service, etc.) for depreciation purposes
- Home office expenses
- Total amount you contributed to qualified plans for 2017
- Total value of your retirement accounts as of Dec. 31, 2017
- Pensions, IRA, and other retirement income (Form 1099-R)
- Social Security income
- Records of income and expenses paid in 2017
- Rental asset totals – cost, date placed in service for depreciation determination.
- State & Local Taxes or Sales Tax
- Amount of state/local income tax paid (other than wage withholding) or amount of state and local sales tax paid
- Invoice showing amount of vehicle sales tax paid
- Your bank account and routing number
- A list of taxes you paid the previous two years: including property taxes, state and local taxes and any estimated taxes payments you made
- Educational Expenses
- Forms 1098-T from educational institutions
- Receipts that itemize qualified educational expenses
- Records of any scholarships or fellowships you received
- Form 1098-E if you paid student loan interest
- Gambling income (W-2G)
- Employment-related vehicle expenses (tolls, mileage, gas, maintenance, license, property tax, interest expense, parking)
- Receipts for classroom expenses (for educators in grades K-12)
- Employment-related expenses (dues, publications, tools, uniform cost and cleaning, travel)
- Job-hunting expenses
- Record of moving expenses not reimbursed by employer
- Annual credit card statements to categorize expenses, charitable donations and business costs.