Keeping your records organized will help make sure you don’t miss out on valuable deductions when it is time to file.
Here are some documents to be on the lookout for:
– Wage and income statements (W-2 or 1099-MISC)
– Health Insurance statements (Form 1095)
– Proof of qualifying educational expenses (Form 1098-T)
– 2021 Total Advance Child Tax Payments (Letter 6419)
– Your 2021 Economic Impact Payment (Letter 6475)
– Mortgage interest statements
– Retirement distribution statements
– Investment account statements
– Charity donation receipts