Interactive Checklists

Tax Preparation

These checklists will help you prepare for the tax season and understand the tax issues that relate to your situation.
  • FAFSA Pell Grant, Scholarships, and Student Loan Advice
    This is great advice about how to get the most college grant money possible when completing the FAFSA. This checklist also includes helpful tax information related to grants, scholarships, and student college loans.
  • Homeowner Documents -- Keep for Tax Purposes
    This is a list of homeowner documents and receipts that need to be kept for tax purposes and why they may be needed.
  • How to Calculate Gain on Sale of Personal Home
    Determine how much gain you need to report to the IRS after selling a personal home. This step-by-step checklist will show if your home sale has generated a gain or loss and whether that will affect your tax liability.
  • IRS Tax Deductions
    How many tax deductions do you qualify for? Here is a list of several tax deductions available to the average taxpayer.
  • Tax Documents Needed for Families With Children
    If you support a child in your home, this is the information you will need and documents you will want to have available in order to complete your tax return.
  • Tax Documents Needed for Homeowners
    If you are a homeowner, this is a list of the tax documents and expenses you will need for preparing your tax return.
  • Tax Information for Retired Person
    These are the tax records typically needed for a person who is elderly or retired.
  • Alternative minimum tax (AMT) calculation if exercising an ISO
    How do you know if you will have to pay AMT? This is important to consider, especially if you plan to exercise and hold Incentive Stock Options (ISOs). Here is a simplified way to determine if you are likely to owe Alternative Minimum Tax.
  • Tax Deductions for Contractors and Self-employed Business Owners
    These expenses can reduce taxable income and self-employment tax for contractors and those who own a business.
  • Tax Deductions for Rental Property Owners
    Use this tax preparation checklist if you have rental property. As a landlord, you can reduce your taxable rental income by the following expenses if the rental is not your primary residence for more than 2 weeks of the year.
  • Tax Information for Low-Income Individuals and Families
    This is helpful tax information for individuals and families who are at lower to mid-income levels.
  • Tax Information for Students
    This checklist is helpful to those who are currently enrolled in college, or would like to know how obtaining higher education could help reduce their federal taxes and/or provide a credit from the IRS. If you are attending and accredited college and seeking a degree, this is the tax information you will need when filing your tax return.
  • Note: Although these checklists have been carefully prepared by individuals who are experts in the subject, we do not suggest the information be used as a substitute for legal, medical, or financial advice. Always consult a professional who understands your specific situation.