Tax Resource Center
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Take the stress out of taxes with these helpful tips and resources.
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Filing your taxes: The basics
You might have a few questions about filing before you get started. Here are a few things you should know:
Keep track of your tax schedule by noting these important dates:
- Jan. 31, 2025: W-2 and 1099 forms are mailed or delivered
- April 15, 2025: Individual tax returns are due. This is also the deadline for making an IRA or HSA contribution for the 2024 tax year.
- June 15, 2025: Individual tax returns are due for U.S. citizens living outside the United States or Puerto Rico.
- October 15, 2025: Individual tax returns for those who received an extension are due.
Outside of your personal information and identification, you'll need to make sure you have these documents on hand before filing:
- W-2 form which shows the amount of tax withheld from your paycheck
- 1099 forms if you've earned outside of what is listed on your W-2, such as earnings through:
- Interest income from a bank savings account
- Brokerage account earnings
- Selling of real estate, stock or other investments
- Unemployment
- 1098 forms if you've made interest payments, such as:
- Mortgage interest payments
- Tuition payments
- Student loan interest payments
- Form 5498 if you've made IRA contributions
- Form 1095-A to prove enrollment in health insurance coverage
Come tax time, some forms will be delivered to you while others you will need to track down yourself. Your W-2 and 1099 forms will be mailed or post-marked by January 31, 2024. For a full list of all tax documents and forms, visit the IRS forms and publications database, and visit USA.gov to learn more about how to obtain your tax forms.
If you are a U.S. Bank customer, you can view your mortgage-related tax documents online:
Online banking steps:
- Log in to your account.
- Select My Documents on the dashboard.
- Choose the type of document you want to view — statements, letters & notices or tax documents.
- To see older documents, select View more.
- Use the Search function to find your documents easily.
Mobile app steps:
- From the main menu, choose Statements & docs.
- Choose the type of document you want to view — statements, letters & notices or tax documents.
- Select the account for which you wish to review the documents.
- Use the Search function to find your documents easily.
If you do not have the funds available to pay what you owe in taxes, contacting the IRS and your state tax office is a great first step. Even if you can't pay the whole sum of what you owe, you should still file your taxes on time. Making a partial payment may help to reduce penalties and repayment plans are available.
There may be loan options available to you to assist in paying off tax debt, such as a home equity loan. To learn more about loan options, make an appointment to speak with a banker via phone, online or in person.
For some situations, you may be able to e-file your taxes for free with an IRS Free File partner. Learn more about IRS Free File.
Also, there are tax credits available for those who qualify. Credits like the Earned Income Tax Credit (EITC) are designed to help low- to moderate-income workers and families get a tax break.
Life events that might impact your taxes
Have you experienced one of these special situations in 2024? If so, there could be a change to the way you file your taxes. Find out more about what you’ll need to consider when it comes time to file your taxes this year.
- You got married.
- You welcomed a new child to your family.
- You got divorced.
- You bought or sold a home.
- You started a new job or got a promotion.
- You retired.
Financial perspectives
Plan ahead to get the most of your taxes all year long.
Read up on info to help you stay on track with a thoughtful approach to taxes and their impact on your long-term financial plan.
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1. Source: Journal of Economic Behavior & Organization, Volume 180, December 2020
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