2023 SPECIFIC UPDATES
In order to process your 2023 tax return, you will need to provide:
Personal Information (For all claimed on tax return)
- Social Security Numbers
- Birth Dates
Income Items
- W-2’s and all 1099’s received
- 1099INT for interest income
- 1099DIV for dividend income
- 1099B for sales of securities (provide cost for each item sold)
- 1099R for annuities, pension IRA’s and KEOGH income
- 1099G for state tax refunds
- SSA1099 for Social Security income
- 1099G for unemployment income
- 1099 MISC for non-employee compensation, rent income or other miscellaneous income
- K-1 for partnerships, joint, ventures, S corporations, estates, and trusts
- Alimony Received
- Jury duty pay
- Gambling and lottery winnings
- Prizes and awards
- Scholarships and fellowships
- Tips not reported on W-2
Deductions
- Student loan interest paid
- Early withdrawal penalties on CD’s and other time deposits
- Contributions to IRA’s, KEOGH, Simple retirement plans
Medical Expenses
- Health Insurance, Long Term Care Insurance Premiums, Vision Insurance, Dental Insurance
- Prescription Drugs
- Doctors and Clinics, Dental and Orthodontist, Hospital
- Glasses, Contact Lenses, Eye Exams, Laser Eye surgery
- Lab Tests, Therapy, X-Ray, Anesthesiology
- Prescribed Medical Equipment: Hearing Aids, Batteries, and related costs
- Stop Smoking programs, Weight Loss Programs
- Medical Miles @ .19cents a mile (other medical transportation Ambulance, taxi, bus
- Lodging while obtaining medical care) limited to $50 per night
Taxes
- State or city tax withheld from wages
- State Income taxes paid this year for a prior year or State Estimates
- paid this year
- Real estate taxes
- Personal property tax
- State Sales tax
Interest
- First and Second Mortgage interest, home equity, home improvement, Loan points
- Contract for deed (Seller financed) must list name, address and SSN
Contributions
- Churches, Synagogues
- United Way Campaign, Cancer, Heart, Scouts, MS, MD, March of Dimes, Food Shelf
- Out of pocket expenses for Charitable work
- Value of goods donated to Goodwill, Salvation Army etc.
- Charitable Mileage on auto @ .14cents per mile
Miscellaneous
- Gambling and lottery losses