It happens all too often:
Every year, the IRS keeps millions of dollars simply because taxpayers miss out on deductions they rightfully deserve.
At Laser 1040, we specialize in uncovering YOUR deductions.
Rest assured, we’re here to ensure you’re covered.
Our mission is simple: to secure the Maximum Tax Refund for you.
To help achieve this, we’ve created a detailed checklist of the essential documents and information needed for your tax return. This checklist covers categories like income adjustments, childcare expenses, medical costs, home improvements, and more—ensuring your return is accurate and takes full advantage of every deduction available.
Be fully prepared for your tax appointment by Downloading, printing, and completing the Tax Preparation Checklist.
Make sure to fill in all the required information and bring the completed checklist with you when we prepare your taxes.
This file is in PDF format, and if you don’t have Adobe Acrobat Reader installed on your computer, you can download it for Free Here.
Itemizing in Montana is VERY important.
With a Montana standard deduction of $4,920, even a car license can help you save on tax dollars!
(There are several other NEW MT credits/deductions that will be considered based on your age, documents, and personal situation, so the Reductions/Adjustment List is NOT all-inclusive.)
Deductions List (Click Here To Download )
REDUCTIONS/ADJUSTMENTS TO INCOME
- Adoption expenses
- Alimony paid
- College Savings Plan
- College Tuition Fees (bring Form 1098-T)
- Deduction for IRA contribution
- Educator Expense (up to $300)
- Electric Vehicle credit (bring papers)
- Furnace, AC, or Hot Water heater
- Geothermal, Wind Turbines, Biomass Fuel Stove, or Solar
- Storm Doors, Windows, or Insulation
- Penalty for early withdrawal of savings
- Student Loan Interest
CHILDCARE
- Sitter’s Name
- Address
- SS# or EIN#
- Amount Paid
(Information is needed to claim childcare credit)
UNREIMBURSED MEDICAL
- Health/Hospital Insurance
- Federal HSA (bring distribution form)
- Nursing home insurance
- Nursing Home Expense
- Marketplace Insurance (bring Form 1095-A; return cannot be e-filed without it)
- Montana Medical Savings
- Prescriptions
- Doctors, Dentist, etc.
- Glasses, Contacts, Ortho
- Laser Eye Surgery
- Medical Travel (Hotel & Air)
- Medical Mileage
- Other
HOME PURCHASE OR IMPROVEMENT INTEREST
- 1st or 2nd Home, or 2nd Mortgage
- Refinance (bring closing papers)
- Sale or Purchase of Residence (bring Form 1099-S/Closing and Settlement Papers)
TAXES
- Home, Land, or Cabin
- Vehicle (bring slips)
- MT or Federal taxes paid
- Land Sale (bring closing papers)
CONTRIBUTIONS
- Receipted Church, Charity
- Non-Cash over $500 (itemize)
- Volunteer Mileage
ONLINE INCOME AND SALES
- Crypto Currency (Form 1099-B, e.g., Robinhood)
- Venmo, Square, Barter/Shared Economy Income, Airbnb, eBay, Craigslist, or Mercari (Form 1099-K form)
- Uber/Door Dash (Form 1099-K/1099-NEC or Income summary from your online account)
AGE 62 & OVER
- Social Security (bring Form SSA-1099)
- Rent paid (bring receipts)
- Roommate Income
- Non-taxable Pensions
- Property Tax paid (bring November bill)
WE HONOR ALL COMPETITORS’ COUPONS
Seniors who have their taxes done during the month of March get a 10% discount.
Download The List Above – This is a PDF file so if you do not have Adobe Acrobat (the program that opens this file) on your computer, you may download the FREE reader here