Common Tax Preparation Questions & Answers
You should bring your W-2s, 1099s, identification (such as a driver’s license), Social Security cards for yourself and any dependents, last year’s tax return, records of income and expenses, mortgage interest statements, investment income documents, and receipts for any deductible expenses.
If you are self-employed and use part of your home regularly and exclusively for business, you may qualify to deduct home office expenses. Employees generally cannot deduct home office expenses due to recent tax law changes.
Most refunds are issued within 21 days of e-filing your return and choosing direct deposit. Paper returns or mailed refund checks may take longer. Delays can occur if there are errors or if your return requires additional review.
If you realize you made an error after filing, you can file an amended tax return (Form 1040-X). It’s best to correct mistakes as soon as possible to avoid potential penalties or delays in your refund.
You can lower your tax bill by contributing to retirement accounts (like an IRA or 401(k)), taking advantage of available credits (such as the Child Tax Credit or Education Credits), and making charitable donations. A tax professional can help you identify additional deductions and credits relevant to your situation.