TurboTax Tax Document Finder
Tax Documents Checklist 2024
This TurboTax tax tool is designed to help you discover what documents are needed based on your income tax filing needs.
Variables exist in our lifestyles, employment, investments, family and more that effect our income tax filing requirements. Each and every one of us live under unique life situations that require certain forms be used, or prepared when filing our tax returns.
The TurboTax Tax Document Finder is a special tool that uses a checklist to analyze your personal life situation and determine which tax documents you will need when sitting down to prepare your tax return.
Use this tool to insure you're gathering all the right paperwork to use with your TurboTax 2024 Tax Preparation Products. Plus, Uncle Sam would like you to make sure your filing the right papers too!
TurboTax
2024 Tax Document Analyzer
Figuring out which documents the IRS is expecting you to prepare for your income tax filing, and what paperwork is needed to collect the data needed for these documents can be a big chore all-in-of-itself.
This TurboTax Tax Document Analyzer can help you locate the right paperwork needed, and getting you moving in the right direction quickly.
Based on your unique tax filing situation, a personalized list of tax documents you will need to prepare your tax return is created. This include tax forms, documents, and data that will be required to submit all information required by the IRS.
What Tax
Documents Do I Need?
This TurboTax Tax Documents Finder starts with two sections of questions to start gathering analytical data. This includes:
- Information about your income
- Tax payments you have made
Once this information is gathered, it is used to find out which tax documents you'll need to prepare your taxes.
You begin by supplying income information as to how you made your income, and what the different sources were.
- Collected retirement
- Contract or freelance work
- Earned dividends
- Had gambling winnings
- Interest
- Job
- Sold real estate
- Sold stock or investments
- Unemployment
It also analyses tax adjustment payments you made during the year.
- Contributed to an IRA
- Mortgage
- Student loans
- Tuition
Samples of forms needed under data collected from the required information questions and answers above include:
- Form 1098, for recording paid mortgage interest
- Form 1098-T, for recording tuition payments
- Form 1098-E, for recording student loan interest payments
- Form 5498, for recording IRA contributions
Once this data is analyzed you will be directed to another set of questions about your life that will help determine which tax software product will work best for your tax filing needs. These questions include:
Choosing Your Tax Filing Status for 2023 - 2024
- Single
- Married Filing Separate
- Married Filing Jointly
- Head of Household
- Qualifying Widower
Determining Your Dependant Qualifications
- Do You Have Children/Dependents
Determining Your Personal Residence Tax Deductions
- Do You Own a Home
- Did You Pay Mortgage Interest
- Did You Pay Property Taxes
Maximize Your Tax Deductions and Credits
- Did You Buy or Sell Stock or Bonds
- Do You Own Rental Property
- Are You Self-Employed
- Are You a Independent Contractor
These questions are designed to enable the TurboTax Tax Document Analyzer to pinpoint what tax information is needed, and what tax software product will work best for those needs.
By supplying this information, all the guesswork is taken out of discovering what Uncle Sam is requiring you to supply, and prepare when it's time to submit all the pertinent information needed with your tax return.
This can save you time, money, and a lot of aggravation in many cases. I'm sure you can imagine how frustrating it would be to submit your tax return only to have the IRS send you a letter stating that it is incomplete or non-acceptable. That's something that can make the hair stand up on the back of our neck, isn't it?
