PERSONAL INFORMATION FOR EACH FAMILY MEMBER

• Name
• Date of Birth
• Social Security Card, ITIN, or ATIN
• Last Year’s Tax Return
• Valid Driver’s License or State-Issued ID

INCOME AND TAX INFORMATION

• Wages and Salaries: W-2 Forms
• Interest Income: 1099-INT or substitute forms
• Dividends: 1099-DIV or substitute forms
• Stock Sales or Investments: 1099-B or Broker Statement
• Cryptocurrency Transactions: Form 1099-DA (new for 2024) or transaction details from exchanges
• Self-Employment Income and Expenses: Detailed records, including qualified business deductions under updated rules
• Real Estate Transactions:
  • Sale of primary residence (ensure compliance with new capital gains thresholds, if applicable)
  • Rental property income and expenses
• Business Asset Sales: Documentation of any sales, including new depreciation rules
• Gambling or Lottery Winnings: W-2G forms (if applicable)
• State Tax Refunds: 1099-G forms
• Pension and Retirement Income: 1099-R forms
• Social Security or Railroad Retirement Income: SSA-1099 or RRB-1099
• IRA or 401(k) Distributions: 1099-R forms, including information on changes to RMD (Required Minimum Distribution) rules
• Non-Employee Compensation: 1099-NEC forms
• Unemployment Compensation: 1099-G forms
• Miscellaneous Income: 1099-MISC forms or other documentation
• Estimated Tax Payments: Dates and amounts of payments

DEDUCTIONS/ADJUSTMENTS

• Medical Expenses: Out-of-pocket costs for prescriptions, doctor visits, and other qualified expenses (verify if thresholds have changed)
• Taxes Paid: Real estate, personal property, and state/local taxes (note potential SALT deduction limitations)
• Mortgage Interest: 1098 Mortgage Interest Statement
• Charitable Contributions:
  • Receipts for cash and non-cash donations
  • New rules for larger deductions without itemizing (if applicable)
• Employee Business Expenses: Documentation of qualified unreimbursed expenses
• Gambling Losses: Records of losses to offset winnings
• Home Office Deduction: For eligible self-employed individuals (verify updated standards)
• Moving Expenses (if applicable): Relocation costs for qualified active-duty military personnel
• Traditional IRA Contributions: Statements or receipts
• Higher Education Expenses: Tuition and fees paid (Form 1098-T)
• Educator Expenses: Receipts for classroom supplies (up to $300 for eligible educators, or more for dual filers)
• Student Loan Interest: 1098-E forms
• Energy Efficiency Upgrades:
  • Receipts for qualifying home improvements like solar panels, energy-efficient windows, and heat pumps under the updated Residential Clean Energy Credit
• Electric Vehicle Credit:
  • Documentation for qualified electric or plug-in hybrid vehicle purchases (Form 8834 or 8936)

TAX CREDITS

• Child and Dependent Care Expenses:
  • Care provider’s name, address, and EIN or SSN
  • Updated income thresholds for increased credits (if applicable)
• Adoption Expenses: Documentation of qualified expenses
• Retirement Savings Contributions Credit: Proof of contributions
• Earned Income Tax Credit (EITC): Updated thresholds and qualifying rules
• Child Tax Credit: Proof of dependents (SSN required), updated credit amounts per child
• Healthcare Premium Tax Credit:
  • Form 1095-A for marketplace insurance
  • Review of changes to premium caps or thresholds
• American Opportunity Tax Credit: For qualified education expenses (Form 8863)
• Energy-Efficient Home Improvement Credit: Receipts for upgrades that meet requirements

NEW ADDITIONS

• Digital Products and Online Sales:
  • New reporting requirements for platforms like PayPal, Venmo, eBay, or Etsy (Forms 1099-K for income over $600)
• Gig Economy Income:
  • Detailed records for rideshare, delivery, and freelance income
• Health Savings Account (HSA) Contributions: Proof of contributions and distributions under updated limits
• Dependent Care FSA Contributions: Employer-provided dependent care FSA documentation
• Student Loan Forgiveness: Documentation of forgiven