Individual Tax Prep Checklist

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We’ve put together a checklist of everything you may need to make this year’s taxes fast and easy.

Information and Documents

Personal Information

Banking and direct deposit information

  • If there have been any changes to this information since last year, please let us know the updated bank information.

  • Marital status

  • If there have been any changes to your martial status since last year, please let us know the change and date of the change.

  • Address

  • If there have been any changes to this information since last year, please let us know the updated address information.

  • Social security number (SSN)

  • If filing jointly, your partner’s name and social security number

  • List of dependents, including their name, date of birth, and SSN numbers

  • If you have been a victim of identity theft, your issued 6-digit IRS identity code

Health and Child Care

  • Childcare provider name, address, SSN or Employer Identification Number (EIN), and the amount paid to them

  • List of major unreimbursed healthcare expenses, including amounts paid to assisted living facilities and health aides

Income & Debt 

  • W2s and 1099-NECs

  • Income from investments (1099-B, 1099-DIV, and summary brokerage statements)

  • Cancellation of debt amount, including 1099-C

Business & Investment Properties

  • Sale or Purchase of business and real estate information

Property

  • Year-end mortgage interest amount for your primary and any investment properties that you own

  • Home equity line of credit (HELOC) interest amount for primary and investment properties owned

  • Settlement sheet for any real estate that’s been sold, purchased, or refinanced

Charitable Contributions

  • Detailed information for non-cash contribution(s) that were over $500

  • Formal appraisal report prepared by a qualified, licensed appraiser for non-cash contributions that were over $5000

  • Cash/check contributions. Please include documentation for any amount great than $250

Casualty & Loss

  • Loss or theft information

  • If applicable, any insurance proceeds related to the loss event

Large Purchases

  • Sales tax paid on large purchases, such as motor vehicles or boats, during the past year

Retirement

  • Detailed information about contributions and year-end balances for Roth or traditional individual retirement accounts (IRA)

  • IRA, Keogh, Savings Incentive Match Plan (SIMPLE), or Simplified Employee Pension Plan (SEP) account withdrawal information, including amounts contributed directly to qualified charitable organizations

Education

  • Post-secondary education expenses (tuition) and qualified-related expenses

  • Year-end statements from qualified state tuition plan contributions (e.g., 529 plan)

  • Any 1099-Qs received for tuition plan distributions

Foreign Assets

  • Foreign investment income information

  • Foreign bank account detailed information, including the highest balance during the year

  • Foreign income tax return

Environmental

  • Installation or purchase invoice for energy-efficient purchased for your personal residence during the year

  • Purchase invoice for alternative technology vehicle (plug-in electric drive motor vehicles)

IRS Notifications

  • Copy of notice from IRS or other taxing authority of any changes in the prior year’s tax returns

Gifts & Trusts

  • List of gifts that aggregate more than $16,000 with each recipient’s name

  • Copy of trust documents if a trust was established or changed during the year

Cryptocurrency

  • State whether or not you purchased or sold any cryptocurrencies in the last year, if yes, be able to provide detailed information regarding the transactions

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The Secure 2.0 Act and What it Means for Retirement Accounts

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Tax Benefits for Active & Retired Military in Virginia