U.S Income Tax Checklist

U.S. CHECKLIST

 

2017 US Checklist

 

*Download Checklist Here*

*Download 2017 FBAR Spreadsheet Here*

Personal information

The IRS needs to know exactly who's filing and who is covered in your tax return. To do this, they require Social Security numbers.

Social Security Numbers

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Information about your income

The following documents will help to identify all of your various sources of income for the year.

Income from Jobs
Investment Income

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Income from State and Local Income Tax Refunds
Alimony Received
Business or Farming Income

In addition, you will need:

If You Use Your Home for Business

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IRA/Pension Distributions
Rental Property Income
Unemployment Income
Social Security Benefits
Income From Sales of Property

If the property was sold in the previous tax year:

If the property was sold at a profit before 2017 on the installment basis:

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Miscellaneous Income

 

Adjustments to your income

The following can help reduce the amount of your income that is taxed, which can increase your tax refund or lower your tax due.

Homebuyer Credits
IRA Contributions
Green Energy Credits
Student Loan Interest
Medical Savings Account Contributions
Moving Expenses
Self-employed Health Insurance
Keogh, SEP, SIMPLE and Other Self-employed Pension Plans
Educator Expenses

 

Itemized tax deductions and credits

The government offers a number of deductions and credits to help lower the tax burden on individuals, which means more money in your pocket. You'll need the following documentation to make sure you get all the deductions and credits you deserve.

Advance Child Tax Credit Payment

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Child Care Costs

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Education Costs
Adoption Costs

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Interest You Paid

Home mortgage interest:

Points:

Investment interest expense:

Charitable Donations

Cash donations:

Donations of property:

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Other charitable donations:

 Casualty and Theft Losses
Other Miscellaneous Tax Deductions
Job Expenses

Job travel information:

 Medical and Dental Expenses

 

Taxes you've paid

Properly documenting the taxes you've already paid can keep you from overpaying.

State and Local Income Taxes
Real Estate Taxes
Personal Property Taxes

 

Information on household employees wages paid during the current tax year

A household employee is anyone you paid to provide domestic services in your home, like a nanny, babysitter, au pair, landscaper, etc. You are responsible for paying employment taxes for that person if you did not hire them through an agency, or if they are not self-employed and making estimated tax payments on their own.

If you are required to pay taxes on a household employees wages, you'll need:

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Other tax payments

If you paid quarterly estimated tax payments (usually paid by self-employed workers), you'll need:

If you applied a tax overpayment from 2016 to 2017, you'll need:

If you filed or plan on filing extensions for your 2017 tax return, you'll need:

 

Direct deposit information

If you want your tax refund deposited directly into your bank account, you'll need:

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Foreign bank account information

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Hybrid or clean diesel auto purchases

To receive a tax break for the purchase of a hybrid or clean diesel automobile, you must provide:

 

 

 

 


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