Tax season can be stressful, but staying organized and prepared can make the filing process much smoother. Whether you’re filing your own taxes or working with a professional, this comprehensive checklist will help ensure you have everything needed to file accurately and maximize your refund.
-
Gather Your Personal Information
- Social Security numbers (SSNs) or taxpayer identification numbers (TINs) for yourself, your spouse, and dependents
- Bank account and routing numbers for direct deposit of your refund
- Last year’s tax return for reference
-
Collect Income Documents
- Form W-2 from your employer(s)
- 1099 forms for freelance, contract, or gig work (1099-NEC, 1099-K, 1099-MISC, etc.)
- 1099-INT or 1099-DIV for interest and dividend income
- 1099-B for stock sales or investment income
- K-1 forms for partnership or S-corp distributions
- Unemployment income (1099-G)
- Social Security benefits (SSA-1099)
-
Track Deductible Expenses
- Mortgage interest statement (Form 1098)
- Property tax payments
- Student loan interest (Form 1098-E)
- Medical and dental expenses (if itemizing deductions)
- Charitable donations (cash and non-cash contributions)
- State and local taxes paid
- Investment or business expenses
-
Identify Tax Credits You Qualify For
- Child Tax Credit (CTC)
- Earned Income Tax Credit (EITC)
- American Opportunity or Lifetime Learning Credit (education expenses)
- Saver’s Credit for retirement contributions
- Energy efficiency credits (solar panels, home improvements, etc.)
-
Gather Business or Self-Employment Records (If Applicable)
- Income and expense records
- Receipts for business expenses
- Mileage logs for business-related driving
- Home office deduction details
- Estimated tax payments made throughout the year
-
Review Retirement Contributions and Withdrawals
- IRA or 401(k) contributions
- 401(k) or IRA withdrawals (Form 1099-R)
- Required minimum distributions (RMDs) for retirees
-
Verify Health Insurance Information
- Form 1095-A, 1095-B, or 1095-C (if applicable)
- Health Savings Account (HSA) contributions and withdrawals (Form 5498-SA, 1099-SA)
-
Plan for Estimated or Additional Tax Payments
- If you are self-employed or have income without withholding, ensure you have made quarterly estimated tax payments
- Check for any underpayment penalties
-
Decide How You Will File
- DIY tax software (TurboTax, H&R Block, etc.)
- Hire a tax professional or CPA
- Free tax filing options (IRS Free File for qualifying taxpayers)
-
Double-Check for Accuracy Before Filing
- Review all numbers, deductions, and credits
- Ensure correct Social Security numbers and bank details
- Confirm signatures (if filing jointly)
- File electronically for a faster refund
By following this checklist, you can reduce stress, minimize errors, and increase your chances of getting the best possible refund. Start gathering your documents early, and you will l be ready to file with confidence!
The post 2025 Tax Season Checklist appeared first on Mid Penn Bank.
