Free Tax Preparation for the 2017 - 2018 Tax Season

Free Tax Preparation | Tax Checklist | Tax Software  |  Online Filing


Tax Preparation Checklist

Here's a list of things you'll need to fill out your tax return form and file your federal or state income taxes online:

Free Tax Preparation Checklist

Personal Tax Preparation Information

  • Social Security Numbers of all family members, spouse and children
  • Childcare provider information including name, address, and tax identification number or social security number
  • Any alimony paid and the social security number of ex-spouse
  • W-2 forms
  • 1099 forms ( for independent contractors, consultants or for cash prizes awarded)
  • mortgage interest receipts
  • charitable donations receipts
  • receipts or records for any items you plan to write off
  • Any additional income: rental income, child support, alimony, etc.
  • Deductible expenses: child care, medical expenses not covered by insurance, moving expenses
  • Self-employment Data, Personal/Business Expenses, Homeowner/Renter Information, Financial Assets, Financial Liabilities, Medical and Educational Expenses
  • Any Additional Employment / Income Documentation.

Remember that the free editions will be for simple tax returns. If you require more help than the basic software can provide, there are other more detailed versions available for a reasonable cost.

These higher end editions offer support for things like capitol gains or losses from the sales of stocks or bonds, maximizing mortgage deductions and even live chat with a professional for your questions if you should need it.

Getting your tax preparation documentation in line ahead of time can help you determine what level of software you will need to complete your return.

Sorting through all the documentation required for preparing your tax return for filing will help you determine which tax software program will work best for your tax filing needs.

Tax Preparation Checklist

Personal Information

  • Social Security Numbers for every family member including spouse and children

Employment & Income Information

  • W-2 Forms

  • Unemployment compensation (Form 1099-G)

  • Other income, including rent (Form 1099-MISC)

  • Partnership, S Corporation, & trust income (Schedules K-1)

  • Pensions and annuities (Forms 1099-R)

  • Social Security/RR1 benefits (Forms RRB-1099)

  • Alimony received

  • Jury duty pay

  • Gambling and lottery winnings (Forms W-2G)

  • Prizes and awards

  • Scholarships

Personal and Business Expenses

  • Alimony paid and the social security number of ex-spouse

  • State & local income tax refunds (Form 1099-G)

  • Federal, state & local estimated income tax (estimated tax vouchers, cancelled checks & personal payment records)

  • IRA, and other retirement plan contributions

  • Documents for medical expenses

  • Document for casualty or theft losses

  • Other deductible expenditure records

  • Charitable contributions (qualified written statement from charity for donations in excess of $250)

  • Tax return preparation expenses and fees from prior years

  • Child care expenses

  • Medical expenses

Homeowner or Renter Information

  • Residential address for current tax year

  • Real estate taxes paid

  • Mortgage interest (Form 1098)

  • Sale of your home/real estate (Form 1099-S)

  • Interest on second mortgage

  • Moving expenses

Self Employment Records

  • Business income (Form 1099-MISC or personal records)

  • Employment taxes & other business taxes paid for current year (personal records)

  • Partnership SE income (Schedule K-1)

  • Business-related expenses (receipts, other documents & personal records)

  • Farm-related expenses (receipts, other documents & personal records)

Financial Assets

  • Interest income statements (Form 1099-INT & 1099-OID

  • Proceeds from broker transactions (Form 1099-B)

  • Dividend income statements (Form 1099-DIV)

  • Retirement plan distribution (Form 1099-R)

Financial Liabilities

  • Student loan interest paid

  • Early withdrawal penalties on CDs and other time deposits

  • Auto loans and leases if vehicle used for business - account numbers and car values

Online tax return filing products like H&R Block or TurboTax, are top choices as rated by consumers that return year after year  to prepare their returns online. Try one today and see for yourself.

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