Be prepared this tax season with this personal tax prep checklist to help you organize your tax documents.
There are so many things to remember when filing personal taxes each year. You can itemize and customize your taxes in so many different ways.
You also want to file taxes efficiently each year to make sure you are getting the best tax refund available to you.
The best way to make sure none of these personal tax checklist items are forgotten when filing your personal taxes is to use one of our professional tax preparers at Check City.
Check City's tax professionals have been professionally preparing taxes for over 30 years and can help any customer get the best tax outcome available to them.
Basically, you'll want any personal and financial information you have available ready and nearby when you start filing your taxes.
If you file with a tax professional at Check City, then you can call them to ask what you should bring in to do your taxes. The following lists are examples of some things you might need depending on your tax situation.
If you're filing taxes as a household and not as an individual, then you may also need the following information for your partner, any dependents you might have, and any other adults living in the household.
There are many tax documents that might be relevant to you depending on your situation. This is another reason why using a tax professional is a great idea because they'll be able to go through your necessary tax forms much quicker, making sure you get the tax refund you deserve.
Tax deductions are expenses that might qualify you to pay less in taxes. For example, if you work from home and have to spend money on creating or maintaining your own home office, then those expenses might be tax-deductible.
Here are a few other examples of possible tax deductions that might be available to you:
Here are just a few examples of tax credits that might be available to you:
This tax credit is meant to help low to moderate-income households by giving them a tax break. It can reduce the taxes you owe and increase the tax refund available to you.
Qualifying rules for EITC:
This act determines your stimulus money eligibility. In 2020, eligibility worked in the following manner:
Tax exemptions are qualifications that exempt certain people or organizations from taxes. They are qualifications that mean someone isn't liable to pay certain taxes.
Organizations that are organized and operated for exempt purposes, like nonprofit organizations and charities.
Do you need help filing your taxes? You aren't alone. There's a reason tax professionals exist, to help us get our taxes sorted quickly and efficiently every year.
You can start filing your taxes as early as January 1st each year. But the IRS might not start processing those filed taxes until a little later in the year. To figure out when you'll get your tax refund, be sure to visit our tax refund schedule chart for this year.
Here are the basics steps you'll need to take to file taxes:
Step 1: Gather necessary documents
Step 2: Use these documents to file taxes. Give documents to a professional tax service or file your taxes manually with the IRS.
The easiest and quickest way to file your taxes is to do it electronically. Filing through the mail is also possible but usually takes longer to process and longer for you to get your refund back.
Check City Tax Services can take care of both federal and state taxes for you! Check City will file your taxes electronically too, so your taxes can get filed and get refunded as quickly as possible.
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