Don’t File Your Taxes Until You Have These 8 Things

Don’t File Your Taxes Until You Have These 8 Things

Filing your taxes can be both a stressful and exciting time. The prospect of getting a refund or finding out how much you owe can be daunting. However, the key to making filing taxes simpler is preparing beforehand. This means having all the necessary documents and information needed to file your taxes accurately and efficiently. In this article, we will cover the 8 things you need to make sure you have before you start filing your taxes. We’ll go over what forms you need, what deductions you can make, and other tips on how to maximize your return or minimize your tax burden.

Tax return

If you’re like most people, you wait until the last minute to file your taxes. But if you want to get the most money back (or owe the least), it’s important to make sure you have all the documentation you need before you file. Here’s a list of things to have on hand before you file your tax return:

1. All W-2s and 1099s from employers, banks, and other institutions.

2. A record of all charitable donations made during the year.

3. Documentation of any medical expenses incurred during the year.

4. Receipts or records of any other deductions or credits that apply to your situation, such as student loan interest paid or child care expenses.

5. Your completed federal and state tax returns from the previous year, if applicable.

6. Your Social Security number or Individual Taxpayer Identification Number (ITIN).

7. If you’re filing jointly, your spouse’s Social Security number or ITIN as well.

1040 form

When it comes to filing your taxes, there are a few things you need to make sure you have before you start the process. Here is a list of what you need to have before you file your taxes:

  • -Your most recent pay stubs
  • -A copy of last year’s tax return
  • -Any forms or documents related to any changes in your financial situation since last year (e.g., marriage, birth of a child, new job, etc.)
  • -Receipts for any deductible expenses you plan on claiming
  • -Your bank account information so you can direct deposit your refund (if you’re expecting one)

If you have all of these things, then you’re ready to start the tax filing process. If you’re missing any of these items, make sure to get them before beginning.

W-2 form

The W-2 form is one of the most important documents you need when filing your taxes. This form is issued by your employer and contains your wages and withheld taxes for the year. Without a W-2, you will not be able to accurately file your taxes.

If you have not received your W-2 form by the end of January, contact your employer as soon as possible. They may have made a mistake and sent it to the wrong address. If they are unable to provide you with a copy of the form, you can request one from the IRS.

Do not wait until the last minute to get your W-2 form! Make sure you have this document before you start preparing your taxes.

1099 form

Form 1040, U.S. Individual Income Tax Return, is the form used by the majority of taxpayers to file their annual income tax return. The form includes instructions on how to complete the form and where to file it.

If you are filing a joint return, you and your spouse must each sign the return even if only one of you earned income during the year. If you have a dependent child, you must list their information on the form as well.

In order to complete Form 1040, you will need several things:

Your most recent tax return – This will give you your baseline information such as your filing status, dependents, etc. that you’ll need in order to fill out the new form accurately.

W-2 forms – You should receive these from your employer (or employers) by January 31st. They show how much money you earned during the year and how much taxes were withheld from your paycheck.

1099 forms – If you had any other sources of income during the year (interest, dividends, etc.), you will receive a 1099 form for each one. These forms also show how much taxes were withheld, if any.

Once you have all of these things, you’re ready to fill out your Form 1040 and file your taxes!

Social security number

Your social security number is one of the most important pieces of information on your tax return. Make sure that you have it handy when you’re ready to file.

If you’re filing your taxes online, you’ll need to enter your social security number (SSN) when prompted. Your SSN is used to identify you for tax purposes, and it’s how the IRS keeps track of your tax liability.

If you’re filing a paper return, be sure to include your SSN on the return itself. You should also make a copy of your return for your records, and keep it in a safe place – just in case!

Bank account number

If you’re filing your taxes electronically, you’ll need to include your bank account number and routing number. This is so the IRS can deposit your refund directly into your account. You can find this information on a check or on your bank statement. If you’re not sure where to find it, give your bank a call and they’ll be able to help you out.

Driver’s license or state ID

If you’re going to file your taxes, you’re going to need a few things first. One of the most important things you’ll need is a driver’s license or state ID. This is because the IRS will need to verify your identity before they can process your tax return. Without a valid form of identification, you may not be able to file your taxes at all.

So, if you don’t have a driver’s license or state ID, make sure to get one before you try to file your taxes. It could save you a lot of hassle in the long run.

Employer’s name and address

The first thing you need when filing your taxes is your employer’s name and address. This information is typically found on your W-2 form. If you are self-employed, you will need to provide your business’ name and address. Having this information handy will make filing your taxes much easier.


Hopefully, this article has outlined the eight important things to have before filing your taxes. Even if you think you’re all set, it’s worth double-checking to make sure that you haven’t missed anything that could cause problems during the tax season. When in doubt, talk to a tax professional or use an online tool like TurboTax so that you have everything in order and can file with confidence. Filing taxes can be intimidating but having all the proper information will make it much easier and less stressful!,This article is an original creation by If you wish to repost or share, please include an attribution to the source and provide a link to the original article.Post Link:

Like (0)
Previous February 20, 2023 10:11 am
Next February 20, 2023 11:01 pm

Related Posts

  • Navigating Your Golden Years: The Top 6 Medicare Mistakes to Avoid for a Secure Retirement

    Retirement, the time to enjoy the fruits of your labor, can ironically bring on the overwhelming task of managing healthcare. Medicare, the federal health insurance program for those aged 65 and older, with its guidebook exceeding 100 pages, is complex and fraught with potential pitfalls. It’s all too easy to make costly mistakes that could leave you with unnecessary expenses or a gap in coverage. While Medicare mistakes can happen to anyone, being aware of the potential traps can help you navigate the landscape better and save you time, money,…

    July 28, 2023
  • US Tax System: The Impact of Investor Tax Breaks on Wealth Inequality

    According to data from the Urban Institute-Brookings Institution Tax Policy Center, white Americans collect 92% of benefits from investor tax breaks. Investor tax breaks, also known as capital gains tax breaks, are preferential tax treatment given to those who earn income from investments such as stocks, bonds, and real estate. These tax breaks are intended to encourage investment and economic growth, but the data suggests that they are disproportionately benefitting white Americans. One example of an investor tax break is the lower tax rate on capital gains, which is the…

    January 20, 2023
  • The Invisible Hand in Your Pocket: A Closer Look at Government Taxes

    Everyone knows the old saying: “Nothing is certain except for death and taxes.” Regardless of where you live, the government is bound to collect taxes in various forms. Understanding these taxes, why they exist, and how they can affect your personal finance is an essential part of responsible financial planning. So, let’s delve into some common ways your money might end up in the government’s coffers: Income Tax: The money you earn, whether from a job or a business, will likely be subject to income tax. This tax varies depending…

    May 10, 2023
  • Your Trusted Partner for Convenient Personal Loans

    Financial emergencies can arise unexpectedly, and when they do, a reliable and efficient lending service can make all the difference. One such platform, which has made an impact in the online loan space, is This blog post aims to provide a comprehensive review of, discussing its features, benefits, and everything you need to know about this personal loan provider. What is Established in 1997, is one of the longest-running online short-term loan referral services. It aims to connect borrowers with a broad network of lenders to…

    July 22, 2023
  • Navigating Life Insurance: Top 10 Expert-Rated Companies for 2023

    Introduction: Life insurance is a crucial financial tool that helps protect your loved ones in the event of your passing. Choosing the right life insurance company can be a daunting task, given the number of options available. To make the process easier, we’ve compiled a list of the top 10 life insurance companies in 2023, each with its unique strengths and offerings. This guide will help you make an informed decision when selecting a life insurance policy that best fits your needs. 10 Best Life Insurance Companies: Pacific Life –…

    April 30, 2023
  • Comprehensive Total Tax Burden Rankings: A Comparison of Effective Federal and State Tax Rates Across All 50 States

    Understanding the total tax burden faced by individuals in different states can be crucial when considering relocation or making financial decisions. In this comprehensive list, we will rank all 51 states based on their total effective tax rate for individuals, combining both effective federal and state tax rates. This ranking will provide valuable insights into the overall tax environment in each state, allowing you to make more informed decisions regarding your personal finances and living arrangements. Stay tuned as we unveil the total tax burden rankings for all 51 states,…

    March 29, 2023
  • Annuities: A Beacon of Stability in Retirement Planning

    In an ideal world, one would never run out of money during retirement, having enough to cover all essentials and even some extras. However, reality often involves battling against stock market volatility, stubborn inflation, and rising interest rates. More than ever, individuals are seeking predictable income strategies to meet their retirement needs. One such strategy revolves around the use of annuities. Annuities can offer a boost to retirement savings or provide a dependable income stream for those approaching or already in retirement. They can give the same benefit as other…

    July 20, 2023
  • 3 Essential Lessons for a Fulfilling Retirement: Wisdom from Those Who Learned the Hard Way

    Retirement is often envisioned as a blissful period of relaxation and enjoyment, finally free from the stress of our working years. However, the reality can often be starkly different. Every day, thousands of Americans retire, only to find themselves short on cash, friendships, and plans. Many retirees express regret, realizing too late how they could have better prepared for a more financially secure and rewarding postwork life. They wish they had saved more, fostered stronger relationships, prioritized their health, and cultivated new pursuits. Why is retirement so challenging to prepare…

    July 2, 2023
  • Navigating the Tax Terrain: 4 Essential Tips for Traders in 2024

    Introduction: For active traders, mastering the art of finding new opportunities and executing strategies is crucial. However, one often-overlooked aspect is understanding the impact of taxes on your trading strategy and overall returns. While tax considerations should never be the sole driver of trading decisions, being tax-aware can enhance after-tax returns. In this comprehensive guide, we delve into four essential tax tips for traders to optimize their strategies and navigate the tax terrain in 2024. Know the Different Tax Rates for Capital Gains: Timing is everything in trading, especially when…

    January 4, 2024
  • Decoding the Impact: How the Interest-Rate Hike Influences Home Buyers

    The financial landscape is ever-shifting, and it’s essential for prospective homeowners to stay updated with these changes. The recent interest-rate hike by the Federal Reserve is one such significant move that has the potential to impact the real estate market, especially for home buyers. As this change sweeps across the nation, let’s dive into understanding what it really means for home buyers. An interest rate hike can be best defined as an increase in the benchmark interest rate set by the Federal Reserve. This change trickles down into the interest…

    June 5, 2023

Leave a Reply

Your email address will not be published. Required fields are marked *