2023 ultimate tax guide: tax documents checklist.
Get ready for tax season using document tools like Adobe Acrobat.
2023 tax brackets and filing deadlines.
One of the most important parts of filing your taxes is knowing the tax brackets and deadlines for the current year. The 2022 tax year has seven federal tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
Your tax bracket is determined by your filing status and taxable income.
Why it’s important to get your tax documents ready early.
Planning ahead can help you file an accurate tax return, and a jump start on organizing your tax records makes it easier to prepare a return that’s complete. Because it can take time to track down all the necessary records, start sooner than later to make sure you have everything you need. And remember, an error-free tax return allows you to avoid processing delays that can slow your refund.
Documents you need to file taxes.
The documents you’ll need for tax prep depend on your particular situation. As a rule of thumb, have handy your W-2s, 1099s, receipts, canceled checks, and other documents that support any income, deductions, or credits on your return. Here’s a list to consider:
- Social Security number or tax ID number
- Spouse’s full name, Social Security number or tax ID number, and date of birth
- Identity protection PIN (if the IRS has issued one to you, your spouse, or your dependent)
- Routing and account numbers to receive your refund by direct deposit or to pay your balance due (if you choose)
- Dates of birth and Social Security numbers or tax ID numbers
- Child-care records (including the provider’s tax ID number), if applicable
- Income of dependents and other adults in your home
- Form 8332 showing that the child’s custodial parent is releasing their right to claim a child to you, the noncustodial parent (if applicable)
Step 5. Get organized for next year.
Take stock of what you’ve learned from your refund or tax bill. Maybe you need to adjust your withholdings now to have a better end result next year. And keep all your gathered tax documents, receipts, and other information filed away for a few years. We hate to say it, but audits do happen — and keeping your info together after you’ve filed makes that process a little less difficult if the IRS comes your way.
4. Use a smart folder structure.
Keeping all your tax PDFs in one folder can make it hard to find the right document. Organize tax documents by year and category using sub-folders. For example, you could have a folder for 2022 tax documents and split your PDFs into different invoice, receipt, and tax form folders.
How do I organize my tax information?
Digitize your information by scanning, merging, and grouping your tax documents, receipts, and overall financial paperwork. This lets you keep everything in one searchable place that you can easily access and share. Learn more here.