Life Tax Documents Checklist: How to Win Big This Tax Season Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by TurboTaxBlogTeam Published Mar 23, 2023 - [Updated Apr 10, 2023] 7 min read Reviewed by Lisa Greene-Lewis, CPA and tax expert for TurboTax Table of Contents Filing Taxes: Personal Information and DependentsFiling Taxes: Income and ExpensesFiling Taxes: Deductions and AdjustmentsFiling Taxes: Other Deductions and Credit These days, filing your taxes is easier than ever, especially since you can meet with a TurboTax Live tax expert — but there are still documents to gather for tax prep. Luckily, our tax documents checklist is here to help. To learn what you need to have on hand, take our quiz, fill in your unique information and get your personalized results. Ready to get started? Take the quiz below! Create Your Personal Tax Document Checklist Get ahead of tax season! Select the life events that applied to you and we will create a tax document checklist made especially for your unique situation. You can come to TurboTax and fully hand over your documents over to a TurboTax Live tax expert and get your taxes done from start to finish. Select All that Applied to You https://blog.turbotax.intuit.com/wp-content/plugins/turbotax-utilities/inc/calculators/tax-planning-checklist/assets/Personal InformationI was marriedSpouse's Social Security number or ITINI was singleDependentsI had children/dependentsSpouse's Social Security number or ITIN###Childcare information (Name, address, tax ID, amount paid)Income and Expenses(Include Spouse’s if married filing jointly)Employment IncomeI was employedForm W-2 (With TurboTax, you may be able to import your W-2 information directly from your employer)I was unemployedUnemployment on Form 1099-GSelf-Employed/Side Gig Income/ExpensesI was self-employedI was my own boss, creator, side-giger, freelancer, influencer, online sellerRecords of all income income reported on1099s (1099-NEC, 1099-K, 1099-MISC)###Rideshare driver’s annual summary###Self-employed health insurance###Records of all business related expenses###Keogh, SEP, Simple, and other self-employed plan contributions###Receipts for business equipment###Receipts for car expenses###Home office expenses###Record of estimated tax payments made (1040-ES)I received income from a partnership, S-Corp, or TrustS-Corps, Partnership and Trusts Schedule K-1Rental Income and ExpensesI owned rental property, AirBnBRental income (Could be reported on 1099-Misc)###Rental property expenses (Mortgage interest, property taxes, supplies, repairs, etc.)###Rental property purchase information (Purchase price, date of purchase, etc.)I paid estimated tax paymentsRecord of estimated tax payments made (1040-ES)Investments and SavingsI had or sold investmentsInterest and Dividend income on Form 1099-Int, Form 1099-Div, Form 1099-OID:::With TurboTax you can directly import 1099 information from your financial institution###Stocks, cryptocurrency, mutual funds, bonds reported on 1099-B:::With TurboTax you can directly import your stock and crypto transactions from your financial and crypto institution###Dates and costs of property sold if not on 1099-B###Losses from stock sales carried over from the previous year###Income reported from sales of other property reported on Form 1099-S, 1099-B###Expenses related to investmentsRetirement and Social Security IncomeI retired/received retirement incomeRetirement income Form 1099-R###Social Security income Form SSA-1099, RRB-1099Less Common IncomeI had HSA/MSA incomeHSAs, MSAs reported on 1099-SAI sold my homeHome sales Form 1099-SI had canceled debtCanceled debt Form 1099-A, Form 1099-CI received alimonyOnly for divorce or separation agreements before January 1, 2019Alimony received:::Only for divorce or separation agreements before January 1, 2019I gambled and won!Gambling winnings on Form W2-GEducation ExpensesI attended a collegeForm 1098-TI paid college tuition for a dependentForm 1098-TItemized DeductionsI owned my homeMortgage interest and refinancing###Form 1098 from mortgage company:::If your mortgage has been sold, as is common practice, you may have multiple 1098s###Property tax bill###Settlement statement if you purchased a new home or refinanced###Points paid (Found on Form 1098)###State and local income taxes paid:::This excludes state tax withholding###Personal property taxes:::If property taxes are not included on Form 1098I experienced a federally declared disasterCasualty loss receiptsI owned a vehicleVehicle sales taxI donated to charityReceipts for charitable donations (Including mileage to drive to volunteer)I visited a medical professionalMedical and dental expenses (Including mileage to drive to doctors appointments)Adjustments to IncomeI paid my student loanForm 1098-E Student Loan InterestI paid a student loan for a dependentForm 1098-E Student Loan InterestI contributed to an IRAIRA contributions reported on Form 5498I was a teacherTeachers Education Expenses###HSA, MSA contributions reported on Form 5498-SAI contributed to my HSA/MSAHSAs, MSAs reported on 1099-SAI movedMoving expenses (For active duty military only)I paid alimonyOnly divorces and separation agreements before January 1, 2019Alimony:::Only for divorce or separation agreements before January 1, 2019Other Deductions and CreditsI had bad debtNon-business bad debt (Deductible up to $3,000)I made a green purchaseI purchased energy efficient equipment, an EV, etc. Receipts for home energy-efficient equipment###Electric vehicle purchaseI purchased Marketplace InsuranceHealth insurance through the Health Insurance Marketplace Form 1095-A Documents You’ll Need Download your list We'll do your taxes > Documents You’ll Need Filing Taxes: Personal Information and Dependents First things first, as the tax preparer, you need to gather your and your dependents’ personal information. To make this beginning step of the tax preparation process simple for the following years, keep any necessary documents in a permanent home in either your home desk or filing cabinet. As you receive tax forms at the beginning of the year, you can stick them in this folder for easy access as you get ready to file. Here are the personal documents you may need to file your tax return: Identification: For you and your dependents, you’ll need a social security number or tax ID number and a government-issued ID. Bank Information: If you choose to receive your refund by direct deposit, you’ll need to provide your routing and account numbers. Other records: If you file for childcare expenses, you must complete Form 2441 and include it when you file your federal income tax return. For adult family members that you’re filing for, you’ll need to provide their W-2 tax form, if necessary. If you’re not the noncustodial parent of a child that you’re claiming, you must fill out Form 8332 showing that the child’s custodial parent is releasing their right to claim a child to you. Filing Taxes: Income and Expenses It wouldn’t be tax season without taxable income documents, right? Here’s what you need to file your tax return and where to find that information: Income Documents Whether you’re employed, self-employed or unemployed, there’s a document that is necessary for you to file taxes. Here’s what to do with each type of form: W-2 You should receive this in the mail or via email from your employer. Forms 1099-NECS and 1099-Ks If you did business for a company that paid you over $600, then you should receive a 1099-NEC from them in the mail or via email. If a company used a third-party payment network like PayPal or Venmo for your paycheck, then you can keep your eyes peeled for a 1099-K. Form 1099-G Have you received unemployment income? A 1099-G form will reach you by email or mail. Other Income If you have income from another source, you’ll also need records of those amounts. Here are a few examples: Receipts from a rental property or real estate income could be reported on 1099-MISC. Retirement income: Form 1099-R. Interest or investment dividends: Form 1099-INT, Form 1099-DIV, 1099-OID Distributions from a trust: Form 1041 and K-1. Royalties: Form 1099-MISC. Gambling winnings: Form W2-G. Expenses and Receipts Want to take a little money off your tax bill? Some expenses and receipts may come in handy, so grab documents like these: Property information: Mortgage interest payments, typically reported on your Form 1098, property tax records and more. Medical expenses: Health insurance premiums and out-of-pocket medical expense receipts. Childcare expenses: Receipts of what you paid for childcare or pay stubs for childcare payments from a reimbursement account at work. Educational expenses: Documents showing amounts paid for tuition, fees and student activity expenses that are required to pay to enroll or attend the school often reported on a 1098-T Filing Taxes: Deductions and Adjustments Last up on our tax preparation checklist is everyone’s favorite part: deductions and adjustments. This is where you get to reduce your income and, in turn, lower the taxes you pay. Let’s take a look at the documents you’ll need to file itemized deductions: Owned a Home If you marked that you owned a home last year, then you’ll need the following documents: Mortgage interest and refinancing: To find this information, you can look at your 1098 from your lender or mortgage service. Property tax bill: This bill may have been sent to you by mail from your local or county tax collector. This information is also often reported on your Form 1098 Mortgage Interest Statement. Settlement statement: If you purchased a new home or refinanced it, you’ll be sent a HUD-1 by a creditor. Points paid: Points are certain charges paid to obtain a home mortgage. Points are also often called loan origination fees, maximum loan charges, loan discounts, or discount points. You’ll find this information on Form 1098 from your lender. Personal property tax: You’ll need this information if property taxes aren’t included on Form 1098. Affected by Federally Declared Disaster If you were affected by a federally declared disaster, you’ll need to provide this document: Casualty loss receipts: Deduct expenses from disasters using Form 4684. Owned a Vehicle If you purchased a vehicle or signed a long-term lease, and you are filing for tax returns, get the following document ready: Vehicle sales tax: To figure out how much you’ve paid in sales tax on your vehicle, either save all the sales receipts and deduct the actual sales taxes paid throughout the year, or use the Internal Revenue Service’s sales tax tables to figure your tax deduction. Gave Charitable Donations If you donated to a charity last year, then you’ll need the following information: Receipts for charitable donations: Regardless of the amount, keep a record of any contributions of cash, check, or other monetary gifts. This record could be a bank record or a written communication from the organization with its name, the amount, and the date of the contribution. For any contribution of $250 or more, you must have a written acknowledgment of the organization’s name, the amount of money contributed and a statement that no goods or services were provided in return for the contribution. Note that only donations to qualified organizations are eligible to receive a tax-deductible contribution. Visited a Medical Professional If you had qualified unreimbursed medical care expenses, you may be able to deduct some of your expenses if: Medical and dental expenses: You can deduct only the part of your medical and dental expenses that are more than 7.5% of your adjusted gross income. Other Adjustments If you had any items that could be checked off on the adjustments to income, you can expect to provide the following documents, depending on your needs: Form 1098-E student loan interest: If you made federal student loan payments in 2022 you may be eligible to deduct a port of the interest you paid. But it is likely that you did not have one for 2022 as there has been an extended pause on student loan repayment and interest by the U.S. Department of Education. Form 1098-E includes how much interest was paid for student loans. IRA contributions reported on Form 5498: You must report information on the minimum distributions, Roth IRA conversions, rollovers and the fair market value of the IRA account during the year. Teacher expenses: If you are an eligible educator, you can deduct qualified expenses of up to $300. If you and your spouse are both eligible educators and married filing jointly you can deduct up to $600. HSA, MSA contributions on Form 5498-SA: Reports how much money you contributed to either a HSA or MSA over the course of the tax year. Moving expenses: This option is only available for active duty military members. Alimony: This adjustment is only valid for divorce or separation agreements before January 1, 2019. Filing Taxes: Other Deductions and Credit Let’s dive deeper into what information is needed to handle this small but mighty group of deduction options: Non-business bad debt: List the name of the debtor, the efforts you made to collect the debt and why you decided the debt was worthless. Receipts for home energy-efficient equipment: Have documentation of the qualified costs used to make your home more eco-friendly. Electric vehicle purchase: Have information handy about the type of qualified vehicle that you purchased and how much you paid. Health insurance through the Health Insurance Marketplace: You should receive Form 1095-A in the mail or online. Include the premiums you paid, the premium tax credits used and a figure called the second-lowest-cost silver plan. Don’t worry about knowing these tax rules. Meet with a TurboTax Full Service expert who can prepare, sign and file your taxes, so you can be 100% confident your taxes are done right. Start TurboTax Live Full Service today, in English or Spanish, and get your taxes done and off your mind. Get started now Previous Post Gambling Winnings Tax (How Much You Will Pay For Winning?) Next Post The Tax Deadline is Approaching: TurboTax Shares What You Need… Written by TurboTaxBlogTeam More from TurboTaxBlogTeam 33 responses to “Tax Documents Checklist: How to Win Big This Tax Season” Thanks! Reply very cool~ Reply My daughter just passed, I’m sure I can claim her bc she lived with me and I supported her. She was pregnant and now I have custody? Can I claim my daughter who just passed? Reply Hi Jessica, First, sorry for your loss and know that TurboTax is here to help you navigate through your tax situation. Yes, you can claim a dependent who died during the year if you would have been entitled to claim their exemption if they would have survived through the end of the year. Hope this helps clarify things. Sincerely, Katharina Reekmans Reply ;Thanks for the fast start on 2022 federa;l and state taxes.. a continuation of many successful lyears of filing blly Turbo lTax Reply very helpful, thanks! Reply Thank you………..excellent reminders and checklist. Reply I just want to say a big Thank You to the tax specialist that helped me find the error on my 2020 and2021 taxes. Because of him I will be getting a additional refund. I will always be a Turbo Tax Customer. I didn’t get the survey to let you know how friendly and understanding my Tax Specialist was. If you could send another I will fill it out. My Tax Specialists deserves to get a 5 star for sure. David Durbin Reply I love turbo tax! I’ve used you for yrs. You make filing so easy! Thank you. Kathleen Reply I am retired and provide 100% of my disabled daughter’s expenses. Due to this, I didnt’ have enough deductions and had to take the standard deductions. I will be filing in this manner this year Reply I’m hoping my download from Schwab works better this year so I don’t again have to enter most of my investment data manually. Reply I really appreciate TurboTax thank you for all the tax documents needed to file for 2022 income taxes so thank you for all the selected documents that I would need to prepare my taxes with TurboTax this tax seasons thank you and have a wonderful blessed Thanksgiving Reply This is great! Thank you. Reply Great service. Will use this year Reply Not relevant for me – I am Canadian living in Quebec Reply Thanks TurboTax for your continued support of my tax filing. I trust you guys 💕😗💕 Reply I normally do my own thru TurboTax Reply great! Reply Good information, can we print the list Reply Thanks for this. I”m ready! Reply This is very helpful! I love the fact that it’s interactive. Reply I will be using your services again this year, Reply I will use TT again this year Reply Thank you I will be ready. Reply Will get all docs together in January Reply Thanks for keeping us on our toes. I look forward to working with you again this year. Reply Muy bien ya mismo enpesare con larecopilacion de mis documentos gracias por su ayuda torbotax Reply thank you Reply Thank you Reply Thanks! Reply Thanks! Reply I opened a new LLC Business Reply thank you for the planning guide Reply Leave a Reply Cancel reply Browse Related Articles Tax Planning Tax Form Checklist for Simple Filers Tax Planning Top Four Lessons Learned for First Time Tax Filers Tax Planning Your Personal Tax Prep Checklist – Check Off These Do… Tax Planning Six Tips to Beat the October 15th Extended Tax Deadline Taxes 101 What Tax Forms Do I Need to File My Tax Return? TurboTax News TurboTax is Accepting 2013 Tax Returns Now TurboTax News Now Accepted: You Can File Your 2014 Tax Return with T… Business How to File Small Business Taxes Tax Tips Extension Filers: Tips for Those Self-Employed for the … Tax Planning Podcast: First Time Filing Taxes? Start Here!