Tax season can feel overwhelming, but being prepared makes all the difference. Before you hit “submit” on your tax return, there are some important things every taxpayer should remember to ensure your filing goes smoothly and you get the maximum refund you deserve. Here’s your essential checklist to help you stay organized, avoid common mistakes, and breeze through tax season with confidence.
Personal Information Is Key
Make sure you have your Social Security number or Tax ID number handy—not just for yourself, but also for your spouse and dependents. Don’t forget to verify that names and numbers exactly match what’s on the Social Security Administration’s records to avoid processing delays.
Gather All Income Documents
Include every source of income you received during the year. This means W-2s from employers, 1099 forms for freelance or interest income, unemployment benefits, Social Security income, rental earnings, and anything else that reports your earnings. Missing or incorrect income documents can trigger audits or slow down your return.
Deductions and Credits: Collect Your Proof
Have your documentation ready for deductions like mortgage interest, charitable donations, medical expenses, childcare costs, and education-related expenses. These can significantly reduce your taxable income or increase your refund when claimed properly.
Double Check Past Returns
Having last year’s tax return on hand can help you accurately complete this year’s return, especially for reporting prior year credits and identifying carryforwards. It also helps in verifying your adjusted gross income (AGI) if you e-file.
Address Changes & Direct Deposit Info
Update the IRS with any address changes and double-check your bank routing and account numbers if you want your refund deposited directly. Mistakes here can delay refunds or lead to lost payments.
Beware of Common Errors
Simple typos, math mistakes, or forgetting to sign your return are among the leading causes of delays. Use tax software or a tax professional to help catch errors before submitting.
Plan for Identity Verification
If you receive a letter asking for identity verification, respond promptly to avoid refund delays. Having your prior tax documents and personal info handy can speed up this process.
File Early and E-File for Speed
Filing early reduces the risk of tax fraud and identity theft. E-filing combined with direct deposit remains the fastest, safest way to get your refund.
Being thorough and prepared before filing your tax return saves you time, money, and worry. Follow this checklist to make tax season a breeze—your bank account will thank you!
