Materials Needed for Filing 2025 Taxes

The materials required for filing taxes in 2025 may vary depending on whether you are filing as an individual or a business. Below is a general checklist for reference:

For Individuals

1. Personal Identification Documents

   • Identification documents (e.g., ID card, passport, residency card, etc.)
   • Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)

2. Proof of Income

   • Wage statements (Form W-2)
   • Self-employment income details (Form 1099-NEC or 1099-MISC)
   • Investment income (Forms 1099-DIV, 1099-INT, 1099-B, etc.)
   • Pension or retirement income (Form 1099-R)
   • Unemployment benefits (Form 1099-G)
   • Rental income and related expense records
   • Other income sources (e.g., bonuses, royalties, dividends)

3. Deductions and Tax Credit Documentation

   • Mortgage interest statement (Form 1098)
   • Education expenses (Form 1098-T or tuition receipts)
   • Medical expenses and insurance payments
   • Childcare expense documentation (e.g., daycare receipts)
   • Charitable donation receipts
   • Travel and work-related expense records (e.g., unreimbursed wages, meals, transportation)
   • Contributions to an Individual Retirement Account (IRA)

4. Tax Payments and Withholding Proof

   • Tax withholding records (from Forms W-2 or 1099)
   • Records of estimated tax payments (e.g., quarterly payments)

5. Family and Dependents Information

   • Dependents’ SSN or ITIN
   • Proof of dependents’ identity (e.g., birth certificates, school records)

For Businesses or Self-Employed Individuals

1. Proof of Income

   • Sales revenue (bank statements or invoices)
   • Client payment records (Forms 1099-K, 1099-NEC, etc.)

2. Business Expense Records

   • Rent and office maintenance costs
   • Business travel and transportation expenses
   • Employee wages and benefits
   • Equipment and supply purchase records
   • Marketing and advertising expenses
   • Professional services (e.g., attorney or accounting fees)

3. Tax Credit Documentation

   • Depreciation records for newly purchased equipment
   • Capital gains and losses details
   • Loan interest payment records

4. Tax Forms

   • Business formation and registration documents
   • Previous year’s tax return records

Other Materials to Consider

• Last Year’s Tax Return (for reference and verification)
• Tax Notices or Correspondence (e.g., IRS letters)