Gather all your tax documents needed to prepare your taxes to get you the maximum refund possible. Use an envelope or folder. Even if it does not look important include it in the file if it has financial information on it add it to the file. Make a digital copy of the folder then email it to yourself. All of your tax information is now organized by year with supporting documentation. Doing these things will ensure your tax return session is fast quick and easy it. Most importantly it ensures you get the max return and your returns are accurate reducing the risks of an audit.
Documents or Numbers to know for your tax preparation session.
W2's or 1099's ( not applicable to all business owners)
Social Security Card and Driver's License
Social Security Cards and Birthdates for all dependents
Insurance Records from the market place or employer
Taxes spent on vehicle tags
Taxes spent on real estate
The square footage of your home
Interest payments on Mortgages
Child Care Cost and Receipts (records can be hand written if receipts are not available
Number of days missed for corvid related illness or the care of an ill person.
Vehicle mileage and or gas receipts ( records can be hand written if receipts are not available
Vehicle maintenance and repairs
Home Maintenance and repairs
Rent and Mortgager
Insurance costs
Utility Costs
Any investment into a business or side hustle. from use of home to cost o paper to gas and vehicle maintenance
Information on any side hustle or business. Claiming these businesses actually lowers your tax bill in typical cases)
All of these documents will not apply to everyone and we can still complete your taxes without most of this information. However our job is to get you the most money back possible and learning you and your financial situation helps us get you the maximum tax refund every time.
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