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Things to remember when filing 2023 tax returns

  • Writer: Jazmin Cintora
    Jazmin Cintora
  • Feb 4, 2024
  • 1 min read

These three easy tips will help make tax preparation smoother in 2024.


1. Gather all necessary tax paperwork and records for accuracy to avoid missing a deduction or credit. Taxpayers should have all their important and necessary documents before preparing their return. This will help file a complete and accurate tax return. Errors and omissions slow down tax processing, including refund times.

Before beginning, taxpayers should have:

  • Social Security numbers for everyone listed on the tax return.

  • Bank account and routing numbers.

  • Various tax forms such as W-2s, 1099s, 1098s, and other income documents or records of digital asset transactions.

  • Form 1095-A, Health Insurance Marketplace statement.

  • Any IRS letters citing an amount received for a certain tax deduction or credit.

2. Remember to report all types of income on the tax return. This is important to avoid receiving a notice or a bill from the IRS. Don’t forget to include income from:

  • Goods created and sold on online platforms.

  • Investment income.

  • Part-time or seasonal work.

  • Self-employment or other business activities.

  • Services are provided through mobile apps.

3. Filing electronically with direct deposit is the fastest way to receive a refund. Avoid paper returns. Tax software helps individuals avoid mistakes by doing the math. It guides people through each tax return section using a question-and-answer format.


For those waiting for their 2022 tax return to be processed, here's a special tip to ensure the IRS accepts their 2023 tax return for processing. Enter $0 (zero dollars) for last year's adjusted gross income (AGI) on the 2023 tax return. Everyone else should enter their prior year's AGI from last year's return.

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