Preparing your tax return can be a daunting task, but breaking the process down into manageable steps can make it much easier. This guide will provide you with a checklist and tips to help you accurately prepare your tax return.
Before You Begin
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Ensure that you have all the necessary documents gathered. This typically includes forms such as W-2s, 1099s, and receipts for deductible expenses.
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Determine your filing status (e.g., single, married filing jointly, married filing separately, head of household, or qualifying widow(er) with dependent child).
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Decide if you will use tax preparation software, hire a professional, or manually complete the forms.
Tax Return Preparation Checklist
Personal Information
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Social Security Numbers for you and your spouse
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Copy of last year’s tax return for reference
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Bank account and routing number for direct deposit
Income Documentation
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W-2 forms from employers
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1099 forms for independent contractor work, interest, dividends, pensions, etc.
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Schwab
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Wealthfront
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Documentation of any other income (e.g., rental income, alimony, Social Security benefits)
Deductions and Credits
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Mortgage interest statements (Form 1098)
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Property tax statements
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Receipts for charitable donations
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Medical and dental expense receipts
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Retirement contributions (IRA, 401(k), etc.)
Other Tax Forms and Documents
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Health insurance coverage forms (Form 1095)
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Records of estimated tax payments made during the year
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Any notices or letters received from the IRS
Filing Your Taxes
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Choose the appropriate tax forms (1040, 1040A, 1040EZ, etc.)
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Decide whether to itemize deductions or take the standard deduction
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Carefully review the instructions for calculating deductions and credits
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Complete all required forms and schedules
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Double-check your math and data entries
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Sign and date your forms
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Keep copies of all forms and documents submitted for your record
If Filing for an Extension
- Only a federal extension needs to be filed, it will be automatically passed on to California
After Filing
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Verify that your tax return has been received (usually by mail or e-file confirmation)
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Track your refund, if applicable, through the IRS’s “Where’s My Refund?” service
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Plan for the following tax year (adjust withholdings, make estimated payments, etc.)
Additional Resources
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[Contact information for a recommended tax advisor]
Remember that tax laws can be complicated, and they change frequently. If you have a complex tax situation or feel unsure about preparing your own tax return, consider seeking professional advice. By starting early and staying organized, you can ensure that the process of making a tax return is as smooth and stress-free as possible.
Notes on 2023 Tax Return
32,787. Paid
9,110. Expected refund amount
23,677 is correct amount
Be sure to file your taxes by 10/15/2024. When you’re ready to get started, we’re here to help.
Identity Protection PIN (IP PIN) from IRS
Identity Protection PIN (IP PIN)
Your Identity Protection PIN is: 682719
What You Need To Do
Print this page and secure it along with your tax records.
Enter your IP PIN on your Federal tax return as indicated below:
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If you file electronically, your tax software or practitioner will tell you where to enter your IP PIN for you, your spouse, and/or dependents if applicable.
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If filing a paper return, enter your IP PIN(s) as applicable in the boxes marked “Identity Protection PIN” in signature area of the return.
What To Remember About Your IP PIN