What forms do I need to file my own taxes?

Asked by: Dr. Alexis Conroy I  |  Last update: September 3, 2022
Score: 4.5/5 (50 votes)

What documents do I need to file my taxes?
  • Social Security documents.
  • Income statements such as W-2s and MISC-1099s.
  • Tax forms that report other types of income, such as Schedule K-1 for trusts, partnership and S corporations.
  • Tax deduction records.
  • Expense receipts.

What do you need to file your own taxes?

What You Need to Get Started
  1. A copy of last year's tax return in order to access your Adjusted Gross Income (AGI)
  2. Valid Social Security numbers for yourself, your spouse, and any dependent, if applicable.

What three forms do you need to file taxes?

Top 8 IRS Tax Forms You Need to Know
  • Form 1040-EZ. ...
  • Form 1040, U.S. Individual Tax Return. ...
  • Schedule A to Form 1040, Itemized Deductions. ...
  • Form 1099-INT, Interest Income. ...
  • Schedule C to Form 1040, Profit or Loss From Business (Sole Proprietorship) ...
  • Form 1099-MISC, Miscellaneous Income.

What are 4 things you need to file your taxes?

What do I need to file my taxes?
  • Personal Information. Tax Identification Numbers are mandatory items on your checklist. ...
  • Dependent(s) Information. ...
  • Sources of Income. ...
  • Employed. ...
  • Unemployed. ...
  • Self-Employed. ...
  • Rental Income. ...
  • Retirement Income.

What forms do I need to file my taxes 2021?

Important 2021 tax documents
  • Forms W-2 from employer(s)
  • Forms 1099 from banks, issuing agencies and other payers including unemployment compensation, dividends and distributions from a pension, annuity or retirement plan.
  • Form 1099-K, 1099-Misc, W-2 or other income statement if they worked in the gig economy.

What Documents you Need to File your Taxes | Checklist | Money Instructor

39 related questions found

Is there a 1040 EZ form for 2021?

Form 1040EZ has been discontinued by the IRS beginning with the 2018 income tax year. If you filed Form 1040EZ in prior years, then you will use the redesigned IRS Form 1040 or Form 1040-SR for the 2021 tax year.

Are 2021 tax forms available yet?

You can order the tax forms, instructions and publications you need to complete your 2021 tax return here. We will process your order and ship it by U.S. mail when the products become available. Most products should be available by the end of January 2022.

Who fills out a 1099 form?

A 1099 form is a record that an entity or person other than your employer gave or paid you money. The payer fills out the 1099 form and sends copies to you and the IRS. There are several kinds of 1099 forms.

What deductions can I claim without receipts?

Membership or Union Fees: Itemized deductions like these are in your pay-as-you-go summary. As long as you have the document, you usually don't need a receipt.
...
Common Items You Can Claim without a Receipt
  • Maintenance.
  • Loan interest.
  • Registration.
  • Insurance.
  • Fuel.

What is the minimum income to file taxes in 2021?

As of the 2021 tax year, the minimum gross income requirements are: Single and under age 65: $12,550. Single and age 65 or older: $14,250. Married filing jointly and both spouses are under age 65: $25,100.

Do I use 1040 or 1040A?

All taxpayers can use Form 1040; however, to use Form 1040A you must satisfy a number of requirements, such as having taxable income of $100,000 or less and claiming the standard deduction rather than itemizing.

Is it hard to file your own taxes?

You might think completing and filing your own income tax return would be more difficult than handing everything over to a paid tax preparer. But with the right approach, and a few simple tips, you can learn how to do your own taxes — and save yourself some time and money to boot.

How do I file my taxes without a W-2?

If you cannot get a copy of your W-2 or 1099, you can still file taxes by filling out Form 4852, “Substitute for Form W-2, Wage and Tax Statement.” This form requests information about your wages and taxes that were withheld. It may be helpful to have documentation, such as a final pay stub, available to complete it.

What is a 1095 C?

Form 1095-C provides information about the health coverage offered by your employer and, in some cases, about whether you enrolled in this coverage. Use Form 1095-C to help determine your eligibility for the premium tax credit.

What personal expenses can I write off?

Here are the top personal deductions for individuals.
  • Mortgage Interest. ...
  • State and Local Taxes. ...
  • Charitable Donations. ...
  • Medical Expenses and Health Savings Accounts (HSA) ...
  • 401(k) and IRA Contributions. ...
  • Student Loan Interest. ...
  • Education Expenses.

Can I claim gas on my taxes?

If you're claiming actual expenses, things like gas, oil, repairs, insurance, registration fees, lease payments, depreciation, bridge and tunnel tolls, and parking can all be written off." Just make sure to keep a detailed log and all receipts, he advises, or keep track of your yearly mileage and then deduct the ...

What percentage of my phone bill can I claim on tax?

If you're self-employed and you use your cellphone for business, you can claim the business use of your phone as a tax deduction. If 30 percent of your time on the phone is spent on business, you could legitimately deduct 30 percent of your phone bill.

Can I fill out a 1099 myself?

You cannot designate a worker, including yourself, as an employee or independent contractor solely by the issuance of Form W-2 or Form 1099-MISC. It does not matter whether the person works full time or part time. You use Form 1099-MISC, Miscellaneous IncomePDF to report payments to others who are not your employees.

What is the difference between 1040 and 1099 tax forms?

Form 1099: The Big Difference. The key difference between these forms is that Form 1040 calculates your tax or refund. It includes multiple details about your personal tax situation. Forms 1099 report only one source of income.

Where do I get a 1040 form?

Get the current filing year's forms, instructions, and publications for free from the Internal Revenue Service (IRS).
  • Download them from IRS.gov.
  • Order by phone at 1-800-TAX-FORM (1-800-829-3676)

Where can I get IRS paper forms?

These forms and publications are available on the Internet, on CD-ROM, through fax on demand, over the telephone, through the mail, at local IRS offices, at some banks, post offices, and libraries, and even at some grocery stores, copy centers and office supply stores.

How do I get my 1040 form online?

You'll be able to access your most recent 3 tax returns (each of which include your Form 1040—the main tax form—and any supporting forms used that year) when sign into 1040.com and go to the My Account screen. If you filed through a tax preparer or CPA, they can provide a printed or electronic copy of your tax return.

What is the easiest tax form to file?

Form 1040-EZ is, not surprisingly, the easiest to fill out. 1040-A is longer and a bit more complex, and Form 1040 is the most detailed and challenging of the lot. While anyone can file Form 1040, you must meet certain requirements to use the shorter 1040-EZ or 1040-A forms.

Where can I pick up a 1040EZ form?

Convenient Locations in Your Community: During the tax filing season, many libraries and post offices offer free tax forms to taxpayers. Some libraries also have copies of commonly requested publications. Many large grocery stores, copy centers and office supply stores have forms you can photocopy or print from a CD.