Your Guide to Tax Preparation

Prepare for tax season by starting with this list of important information and documents you'll need to gather.

Tax season has arrived. So, now is the time to start organizing important documents and information you’ll need to prepare your taxesDonna M. Johnson, a Senior Vice President for Regions in St. Louis, says the following list can be useful to have on hand.

The basics:

  • Previous year's tax returns
  • Social Security numbers and dates of birth for you, your spouse, and your dependents
  • W-2 forms, which may not arrive until the New Year (you'll have a W-2 from each employer you’ve had this year)
  • Estimated tax paid
  • Child care records, including any child support payments

Investment information:

Additional income:

  • Alimony
  • Taxable inheritances
  • Jury duty records
  • Gambling winnings
  • Distributions from Social Security, IRAs or retirement accounts
  • Self-employment income/deductions

Itemized deductions:

  • Mortgage statement from your lending institution
  • Records of medical expenses
  • Total amount of state/local income and, in some states, sales taxes
  • Real estate taxes
  • Records of cash and non-cash charitable donations to schools, hospitals, houses of faith, or other charitable organizations
  • Health Savings Account expenditures

Education payments:

  • Bills from educational institutions that you or a dependent attended
  • Tuition statements and/or records of student loan payments

This information is general in nature and is provided for educational purposes only. Information provided and statements made by employees of Regions should not be relied on or interpreted as accounting, financial planning, investment, legal, or tax advice. Regions encourages you to consult a professional for advice applicable to your specific situation. Information provided and statements made by individuals who are not employees of Regions are the views, opinions, or positions of the individual who made the statement and do not necessarily reflect the policies, views, opinions, and positions of Regions. Regions makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information presented.