What documents do I need to prepare my taxes?

In Virginia, there are a few documents that you need to prepare your taxes. The first and most important document is your W-2 Form. This form is provided to you by your employer and includes your total wages, tips, and other income. It also includes taxes and other withholdings taken out of your paycheck. You will need to report all other forms of income, such as interest and dividends, on your tax return. To do this, you may need to collect documents such as interest statements, 1099 forms, and stock sale statements. Additionally, if you are a business owner, you will need to provide proof of business expenses, such as receipts for supplies, office rent, and more. If you are taking any deductions from your income, you will need to collect all applicable documents. These documents may include medical bills, charity donations, educational expenses, and more. Lastly, you will need to provide proof of identity. This includes a valid driver’s license or valid passport. This is necessary in order to confirm your identity and prevent potential tax fraud. By gathering all of the necessary documents and information, you can prepare your taxes accurately and easily.

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