Are you preparing to do your taxes? Are you a homeowner? Here are a list of documents (and some expenses) that may be helpful to you as you prepare your taxes. These and other documents will help you, or your tax advisor, ensure your return is as favorable as possible for your family.
1098 (year-end statement) showing mortgage interest paid.
This document is important for your first AND any second home. This form should include amount paid for points, principle mortgage interest, interest and insurance paid for the year.
Real estate tax paid during the year
Health care expenses
Premiums and all expenses paid after insurance reimbursement for doctor, dentist, hospital, lab, eye care, and pharmacy.
Miles driven for medical purposes
This is the total round-trip miles driven to all medical appointment, eye exams, dentist, and drug store for medicine.
Motor vehicle registration for all your vehicles
Sales receipt that shows the purchase price and sales tax paid on a new vehicle
Amount paid for materials needed for a major home renovation
Job-related expenses that were not reimbursed by your employer
Value of property loss due to casualty (i.e. fire, flood, or theft)
Gambling losses up to the amount of gambling winnings
HUD Statement (received at closing) if you purchased your home during the year
Cash contributions to a non-profit organization
Value of goods or household items donated to a non-profit organization
Miles driven to and from an event where you donated your time to a non-profit organization
Other expenses including tax preparation, safe deposit box, investment expense, and legal fees (not divorce-related)
This information is not designed to be a substitute for the advice of your personal tax advisor.