Keeping your records organized will help make sure you don’t miss out on valuable deductions when it is time to file. Many taxpayers will receive year-end income statements from employers, banks, stock issuers and other sources in January and early February.

The most common documents include:

• W-2 forms from your employers, showing your wages and any taxes withheld
• Forms 1099-INT and 1099-DIV showing your interest and dividend income
• Forms 1099-MISC and 1099-NEC showing gig economy and other self-employment earnings, along with rents, royalties and other miscellaneous income
• Form 1099-K from payment processing services like PayPal and CashApp if you received $600 or more in payments through one of these platforms for goods or services
• Records of virtual currency (including crypto) transactions
• Charity donation receipts
• Health Insurance statements (like Form 1095)
• Proof of qualifying educational expenses (like Form 1098-T)
• Mortgage interest statements