Get Tax Prep ?checklist - A Grande Life

These include: A W-2 form from each employer. Other earning and interest statements (1099 and 1099-INT forms) Receipts for charitable donations; mortgage interest; state and local taxes; medical and business expenses; and other tax-deductible expenses if you are itemizing your return.

These include: A W-2 form from each employer. Other earning and interest statements (1099 and 1099-INT forms) Receipts for charitable donations; mortgage interest; state and local taxes; medical and business expenses; and other tax-deductible expenses if you are itemizing your return.

Bank account and routing numbers. People will need these for direct deposit refunds. Direct deposit is the fastest way for taxpayers to get their money and avoids a check getting lost, stolen or returned to IRS as undeliverable.

Key takeaways Any time your income changes, your tax bracket may change as a result. A higher tax bracket typically means you'll pay more in taxes, while the inverse is true for a lower tax bracket. However, how much you end up paying will depend on your personal financial situation and how you structure your assets.

Bank and credit card statements can provide some documentation for tax credits and deductions, but they're usually not sufficient on their own. These statements don't show all the details that the IRS requires: Payee. Amount paid.

Financial Records Asset Information: Bring receipts for any assets, like equipment, property, or goods you bought or sold over the year. Income and Expense Information: Bring sales invoices, bank statements, and receipts for payments for your accountant to verify the income amount.

The following are some of the types of records you should keep: Canceled checks or other documents reflecting proof of payment/electronic funds transferred. Cash register tape receipts. Credit card receipts and statements. Invoices.

The Quicken Tax Planner is your tax management control center. You can import data from tax software, change your marital status, enter annualized values for certain types of income or expenses, and estimate the amount you owe or the size of your refund.