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‘Tis the Season for Important Tax Paperwork

Keeping your records organized will help make sure you don’t miss out on valuable deductions when it is time to file. Many taxpayers will receive year-end income statements from employers, banks, stock issuers and other sources in January and early February.

The most common documents include:

  • W-2 forms from your employers, showing your wages and any taxes withheld
  • Forms 1099-INT and 1099-DIV showing your interest and dividend income
  • Forms 1099-MISC and 1099-NEC showing gig economy and other self-employment earnings, along with rents, royalties and other miscellaneous income
  • Form 1099-K from payment processing services like PayPal and CashApp if you received $600 or more in payments through one of these platforms for goods or services
  • Records of virtual currency (including crypto) transactions
  • Charity donation receipts
  • Health Insurance statements (like Form 1095)
  • Proof of qualifying educational expenses (like Form 1098-T)
  • Mortgage interest statements