Tax Filing Tips: Items Needed to File

Do you have questions concerning your Tax return?  Well, You are not Alone!

Often when filing taxes they are not explained. I believe An Informed Taxpayer saves Money.
Understanding normal filing protocol serves to inform tax filers What’s Needed?

 Items Needed to File:

All Income Statements, W2, W2G, 1099, Interest Statements, SS benefits received, Unemployment benefits statement, Names as they appear on SS card (s), Date of Births, SS numbers, How dependant’s are related to you, Proper I. D.  required when using a paid Preparer, State or Gov Issued. 
Medical Expenses Receipts Allowed, all expenses not covered by insurance, Insurance premiums only if  NO employer participation, prescription meds, eyeglasses and exam cancer policy, Doctor and Dental expenses, mileage to doctors,
all co-pays, long term care deduction (limited), all above allowed if paid out of pocket. (important)
Contributions: Cash to Church and non-profit organizations,  Example : United Way
Non-Cash Contributions sure as clothing to organizations like Salvation Army
Property Tax Deduction: County , State property taxes (real estate, land)Car Tag Deduction, most States, Ad Valorem taxes only,  includes boats and motorcycles
Mortgage Interest: paid to Banks or Individuals, if individual need SS# and Name, address and amount paid, this is reported to IRS
Other  Deductions:
Student loan interest paid, Moving expenses, Gambling losses, (only up to amount of winnings), Union Dues, Safe deposit box rental, Paid preparer fees paid previous year, Required Safety equip paid by you including safety shoes or required clothing, (clothing must have logo or employer specified color) to qualify for deduction.Rebates Stimilus Package:
must file 2007 return more…my tax rebate blog If any of the above applies to you they will be needed to file your taxes to get maximum deductions.
“An Informed Taxpayer saves Money”Larrie Perkins
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