Getting Ready for Tax Time

It may not be your favorite time of year, but it is going to be here before you know it! Tax Time! Tuesday, April 15, 2025 is the official IRS deadline to file your taxes for this year. The window has opened to begin filing however. ?Don’t wait for the last minute to start gathering your documents and info for filing.

Here is a quick list of some of the information you may need to file yourself or to give to your CPA/Accountant/Tax Preparer.

Personal Information

·???????? Social Security Numbers (SSNs) for you, your spouse, and dependents.

Income Documents

·???????? W-2 Forms: From your employer(s) showing wages and tax withheld.

·???????? 1099 Forms: For income from freelance work, interest, dividends, retirement distributions, etc.

·???????? K-1 Forms: If you're a partner in a business or a shareholder in an S corporation.

·???????? Other Income Statements: Such as rental income, unemployment compensation, or alimony received.

Deduction Documentation

·???????? 1098 Forms: For mortgage interest, student loan interest, or tuition payments.

·???????? Receipts for Charitable Donations: Documentation for any donations made.

·???????? Medical Expenses: Receipts and statements for out-of-pocket medical expenses.

·???????? Property Tax Statements: For any property you own.

Other Relevant Documents

·???????? Bank Statements: For interest income or investment accounts.

·???????? Investment Documentation: For stock sales, including 1099-B forms.

·???????? Previous Year’s Tax Return: Helpful for reference and consistency.

·???????? Retirement Account Contributions: Documentation for any contributions made to retirement accounts.

Additional Information

·???????? Health Insurance Information: Form 1095-A, 1095-B, or 1095-C if applicable.

·???????? Childcare Expenses: Records of payments made for daycare or babysitting services.

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Securities offered through Geneos Wealth Management, Inc. Member FINRA/SIPC. ?Advisory Services offered through N.E.W. Advisory Services, LLC.

Opinions, estimates, forecasts, and statements of financial market trends are based on current market conditions and are subject to change without notice. Investing and investment strategies involve risk including the potential loss of principal.?Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market.?Past performance is not a guarantee of future results.