As the end of the year approaches, it’s the perfect time to start planning for the upcoming tax season and your 2024 tax filings.

Preparing early and gathering the right documentation for a consultation with your accountant can make the process smoother and more efficient. While the specific paperwork you’ll need depends on your situation, this checklist will help you get organized and ready to tackle tax season with confidence.

Essential Items to Bring to Your Tax Consultation

• Identification:
  Bring a valid ID, such as a driver’s license or state-issued identification card. Ensure you have your Social Security number as well as the Social Security numbers and birth dates of any dependents you’re claiming.
• Income Documents:
  Gather wage and earning statements, like Form W-2 from employers. If you’re self-employed, bring income and expense records, including 1099-NEC, 1099-K, and any other relevant documents.
• Investment Income Information:
  Include forms for interest, dividends, and proceeds from stock or bond sales, such as 1099-INT, 1099-DIV, and 1099-B.
• Homeowner Records:
  If you own a home, bring mortgage interest statements (Form 1098), real estate tax receipts, and documentation of major home improvement expenses that could qualify for tax benefits.
• Charitable Donations:
  Receipts for any charitable contributions made in 2024 are essential for claiming deductions.
• Retirement Contributions:
  Bring details of contributions to IRAs or other retirement accounts, which may offer tax advantages.
• Educational Expenses:
  Include records of tuition payments (Form 1098-T) and any student loan interest paid (Form 1098-E).
• Medical Expenses:
  If you had significant medical expenses, bring receipts and statements. These may be deductible if they exceed a certain percentage of your adjusted gross income.
• Record of Estimated Tax Payments:
  If you made quarterly estimated tax payments throughout 2024, bring proof of these payments.
• Last Year’s Tax Return:
  Your 2023 tax return is a valuable reference and often contains carryover information relevant to your 2024 filing.
• Bank Account Information:
  Have your bank routing and account numbers ready for direct deposit of any refunds.

Additional Considerations

Inform your accountant about any major life events in 2024 that could affect your taxes, such as:

• Marriage or divorce
• Birth or adoption of a child
• Selling or buying a home
• Starting or closing a business
• Retirement

If you’re unsure about any document, bring it along. It’s always better to have extra paperwork than to miss something important.

Start the Tax Season Right

Filing your taxes doesn’t have to be stressful. At Filipek & Company, our experienced team is ready to help you navigate your 2024 tax returns and maximize your deductions. Schedule your tax planning consultation today by calling 866-931-0224!