Do You Have All the Docs for Your 2018 Tax Filing?
April 4, 2019 by OSYB Staff
This tax season will be different and to help you with these changes, Don’t Mess with Taxes has come up with a guideline of documents you should have to meet the 2018 requirements. Keep in mind that this is the first year that filing will be under the extensive new Tax Cuts and Jobs Act (TCJA) changes and that the Form 1040 itself is new. Here are some of the documents that you should have handy:
- 2017 tax filing
- W-2 forms reporting your wages and W-2G for gambling winnings
- All 1099s for sundry income amounts, including 1099-R for retirement; 1099-INT for interest earned; 1099-DIV for investment dividends; 1099-B for brokerage sales; 1099-G for unemployment
beenfits , state tax refunds or other government payments; and 1099-MISC forindependent contractor and other types of, as the extension indicates, miscellaneous income - Some 1098s, such as 1098-T that students will need to calculate education tax credit eligibility; 1098-E with potentially deductible student loan
interest payment amounts; or the plain old Form 1098 for homeowners withmortgage interest , loan points and, in some cases, payments made towardprivate mortgage insurance real estate taxes.
Since every
- Records of estimated tax payments made for both your federal and state taxes.
- Record of tips or other gratuities as part of your job
- Distributions from retirement accounts, depending on the type of plan you have, could be taxable. Double check income statements for your workplace retirement and/or IRA withdrawals, as well as your Social Security benefits if you’re now getting those payments.
As with any important financial information, please contact your financial professional.
For more details:
Documents you need to file your 2018 tax return, including a look at the new Schedule A for itemizers
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