Tax Preparation Checklist - 2025 Tax Year Copy of both sides of your Driver’s license or State ID. Joint filers need both IDs. (Not necessary if we already have your unexpired IDs on file.) Wage Statements (W-2) and 1099 Forms Pension, IRA, or Annuity Statements (1099-R) Social Security Income Statements (SSA-1099) Interest & Dividend Income Statements (1099-INT & 1099-DIV) Consolidated tax statements of investment income, sales, and purchases Unemployment … [Read more...]
Please READ THIS!
Please READ THIS! If any of the following relates to your situation, please bring it to our attention: If you had a financial interest in or signature authority over a financial account (bank, securities, or brokerage) located in a foreign country; At any time during the past year did you receive, sell, send, exchange, or otherwise acquire a financial interest in any virtual currency? If you have incurred Adoption expenses within the last 3 years or expect to incur Adoption … [Read more...]
No Tax on Tips, No Tax on Overtime Through 2028
Effective the tax year starting January 1, 2025… If you received Tipped Income: Employees who customarily and regularly receive tips may be able to deduct up to $25,000 in tips from their income subject to federal income tax, and businesses must report these tips on Form W-2 for employees and on Form 1099 for non-employees. If you received tip income as an employee, your W-2 should provide the necessary information for your tax return. If you received tip income as a self-employed … [Read more...]
2025 Changes to Home Energy-related Improvements
New requirements for claiming certain energy-related home improvements are in effect for tax year 2025. These requirements affect the following improvements: Exterior Doors, Windows and Skylights Central Air Conditioners Natural gas, propane, or oil water heaters Natural gas, propane, or oil furnaces and hot water heaters Heat pumps and biomass stoves and boilers, including heat pump water heaters If you installed any of the above items in your home in 2025, you … [Read more...]
2025 New Auto Loan Interest Deduction
New Auto Loan Interest Deduction (2025-2028) Link to Printable PDF: 2025 Auto Loan Interest Deduction One of the changes for tax year 2025 is a deduction for interest paid on qualifying auto loans. Prior to this change, interest paid on an auto loan was treated as nondeductible personal interest. But now there is an annual deduction of up to $10,000 for auto loan interest, beginning in 2025 and lasting through 2028. Because most car buyers will pay less than $10,000 a year in auto … [Read more...]
Tax Preparation Checklist 2024
View, Download, or Print - Tax Preparation Checklist 2024 Tax Preparation Checklist - 2024 Tax Year WE MAKE FILING LESS TAXING Copy of both sides of your Driver’s license or State ID. Joint filers need both IDs. (Not necessary if we already have your unexpired IDs on file.) Wage Statements (W-2) and 1099 Forms Pension, IRA, or Annuity Statements (1099-R) Social Security Income Statements (SSA-1099) Interest & Dividend Income Statements (1099-INT & 1099-DIV) … [Read more...]
Tax Preparation Checklist 2023
View, Download, or Print - 2023TY Tax Preparation Checklist Tax Preparation Checklist - 2023 Tax Year WE MAKE FILING LESS TAXING Copy of both sides of your Driver’s license or State ID. Joint filers need both IDs. (Not necessary if we already have your current and valid IDs on file.) Wage Statements (W-2) and 1099 Forms Pension, IRA, or Annuity Statements (1099-R) Social Security Income Statements (SSA-1099) Interest & Dividend Income Statements (1099-INT & … [Read more...]
Tax Preparation Checklist 2022
View or Download Tax Preparation Checklist 2022 (PDF form)Tax Year Tax Preparation Checklist - 2022 Tax Year WE MAKE FILING LESS TAXING Copy of both sides of your Driver’s license or State ID. Joint filers need both IDs. (Not necessary if we already have your current and valid IDs on file.) Wage Statements (W-2) and 1099 Forms Pension, IRA, or Annuity Statements (1099-R) Social Security Income Statements (SSA-1099) Interest & Dividend Income Statements (1099-INT & … [Read more...]
Tax Preparation Checklist 2021
View or Download the TAX PREPARATION CHECKLIST 2021 (PDF form) Tax Preparation Checklist - 2021 Tax Year (what you should bring in or send us) 1. Copy of both sides of your Driver’s license or State ID (unless we already have your current, valid ID on file. Joint filers need both IDs.) 2. Wage Statements (W-2) and 1099 Forms 3. Pension, IRA, or Annuity Statements (1099-R) 4. Social Security Income Statements (SSA-1099) 5. Interest & Dividend Income Statements (1099-INT … [Read more...]
Tax Preparation Checklist 2020
View or Download the TAX PREPARATION CHECKLIST (PDF form) … [Read more...]
