Broker Check

2021 Tax Preparation

December 02, 2021
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As end of year approaches, I wanted to just provide a reminder of some key points on organizing your information to help prepare for the 2021 tax filing.  If you have any questions, please don't hesitate to contact us!

 Most tax forms will be available by the end of January 2022. Many companies are now providing that information on-line, so don’t forget to check there.

 

  • If you received a stimulus check, you must provide the amount in your 2021 tax filing.

 

  • If you had less than $10 in interest from a checking or savings account, you won’t get a 1099 and you don’t have to report it.

 

  • Don’t forget to report any estimated payments you made in 2021.

 

  • Many people are now just using standard deductions and not itemizing. If you still itemize, start organizing your receipts, such as:

 

1. Medical/Dental/Vision

2. Charitable Contributions

3. Real Estate taxes

4. Personal Property taxes

5. Mortgage Interest paid