2016 Tax checklist

Get Your Maximum Refund Guaranteed. Now at you’re only paying $00 and you’ve been paying your student loans! Tax credits , on the other han lower the amount you pay more directly.

If you get a $6tax credit , you’ll pay $6less on your final tax bill. May not be combined with other offers. To qualify, tax return must be paid for and filed during this period. If your small business is run from home, you can calculate how much. Auto Maintenance and Mileage.

Driving to see your clients can add up. Tax Exemptions and Deductions: What You Need to Know Tax exemptions and deductions save the average taxpayer thousands in tax liability. See all full list on efile.

Tax season offers plenty of challenges especially when it comes to gathering up all that documentation that needs to be handy while working on your tax return. Tax Preparation Checklists. Access IRS Tax Forms. Complete, Edit or Print Tax Forms Instantly.

Section 4—After You Have Finished” gives you a checklist for completing a return. It also gives you information about filing the return. Section 6—How To Get Tax Help” has topics such as how to get tax help, forms, instructions, and publications. INDIVIDUAL TAX RETURN CHECKLIST.

The following income tax return checklist should be completed in conjunction with the preparation of tax reconciliation return work papers. Before you begin to prepare your income tax return, go through the following checklist. Highlight the areas that apply to you, and make sure you have that information available.

Better yet, attach the list to a folder of your tax documents, and check items off as you add them to the folder. Use my tax prep checklist to make sure you don’t forget anything important. Next on the tax prep checklist are credits, which are deductions’ more valuable cousins: They provide dollar-for-dollar cuts in any tax you owe. But as with deductions, you need documentation to claim them.

Here are some popular tax credits: American Opportunity and Lifetime Learning credits. Before you start tax preparation: Download and print this checklist as a PDF. Place the checklist in a file folder, or attach it to the outside of the folder. As you receive or locate tax documents, place them in the folder and check them off the list.

Cost of meals, accommodations, public transportation, and parking when volunteer work sends you far from home—if you pay for them out of your own pocket. Hope and Lifetime Learning credits (a type of federal financial aid for college tuition that gives tax credit instead of tuition payment) Student loan interest. Investment-related expenses.

Those married filing jointly can claim a $20standard deduction, and taxpayers filing as “head of household” — that is,.