As your financial partner, U.S. Bank is here to support you during tax season and all year long. Get access to forms and statements, tools and tips, and answers to all your common tax questions. Plus, receive assistance with savings, investment products and retirement accounts that can help you make the most of your money.
Outside of your personal information and identification, you'll need to make sure you have these documents on hand before filing:
If you need help filing, free resources may be available. The IRS provides basic tax preparation to those who qualify through programs like Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE). These programs were designed to help those who need assistance filing, such as those with disabilities, individuals who make less than $58,000 and those with limited English.
The IRS also provides a free tax-filing tool and other resources that can help you file and track your tax return.
For a complete guide to filing your taxes, visit the Consumer Financial Protection Bureau.
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:
Mobile app steps:
Whether you're receiving a check or paying taxes that are due, you'll likely need to provide your routing and account number. Your routing number identifies the location where your account was opened, and your account number is unique to your personal account. Learn more about how to find your routing number.
If you used a commercial tax tool such as TurboTax to e-file, payments can easily be made to the IRS through an electronic funds withdrawal. Otherwise, the IRS accepts payments in all forms from cash to money orders.
Explore free tax-filing and tax-preparation resources.
File electronically through the IRS' Free File tool, plus get information on all things tax-related.
For free tax calculators, money-saving tools and helpful videos, visit TurboTax, plus take advantage of 20% off tax-filing services.
Learn about whether you might qualify for the Earned Income Tax Credit (EITC), which helps low- to moderate-income workers and families get a tax break.
IRS tax resources for specific situations
Military members
If you're active duty or reserve military, be sure to check if you're eligible for tax benefits and extensions.
Students
Get the tax tools and information that might affect your tax situation as a student.
Seniors and retirees
When you've reached retirement age, there are new tax implications to consider. Learn about them here.
You got married.
From filing jointly to Head of Household status, learn about how to file now that you're officially a couple.
You bought a house.
Upgrading your status from "renter" to "owner" could give you benefits if you itemize.
You added to your family.
Any dependent is going to influence your taxes, from newborns to college students.
You got a divorce.
Learn more about tax implications and liabilities for divorced couples.
You began or finished school.
Whether you're paying tuition or paying off student loans, here's what you need to know about school and taxes.
You started a side-hustle.
Contract workers are responsible for paying their own taxes, among other responsibilities.
A family member passed away.
If you represent a family member who has died, such as a spouse, you should file taxes on their behalf.
You invested in a tax-advantaged account.
Explore different tax-advantaged accounts, such as an IRA, HSA or 401(k), to discover possible deductions.
Stay updated on the latest tax-related news
The latest news from the IRS
Updates from TurboTax
Explore helpful tax information for U.S. Bank mortgage clients.
Get instant access to your mortgage account.
Find answers to your mortgage help and repayment questions.
Our affiliate, U.S. Bancorp Investments, offers investing options which may help during tax season. Here are two of the many ways you could benefit:
1. Potentially save on your taxes.
There are many investing options that may be available to you, but by opening a Traditional or SEP IRA, you may be able to deduct the amount of your contribution from your taxes, thereby reducing your taxable income. In an IRA, your money is working harder for you with tax-deferred savings and the long-term investing impact of compounding interest. And, did you realize, you can have both an IRA and a 401(k)? The robo-advisor platform, Automated Investor offered by our affiliate, U.S. Bancorp investments, makes it easy to open an IRA.
2. If you get a tax refund, put your new money to work in an investment account.
Automated Investor takes the guesswork out of investing by combining investing expertise with smart technology. Our affiliate, U.S. Bancorp Investments’ robo-advisor, offers automatic rebalancing to help you stay on track toward your goals and human help when you need it, all for a low minimum investment and low fees.1
Learn more about Automated Investor, or our other investment options by calling 866-758-8655 and speaking with a dedicated wealth management professional.
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.
If you electronically filed your taxes, you may receive your refund within 10-21 days, however, the IRS doesn't guarantee you a timely issue of your refund check or deposit. Use the IRS Refund Status tool to track the status of your refund.
Whenever unplanned or unexpected funds hit your bank account, you're given the opportunity to allocate money towards something outside of your normal budget. This could mean creating a rainy-day fund so you're prepared for the unexpected, paying off some debt or investing that money in your future. Learn more about opening a savings account or certificate of deposit to start saving for the future today.
Criminals use stolen identities to file claims for unemployment compensation. Because this type of compensation is taxable, state unemployment agencies submit forms to individuals who received unemployment. Victims of fraud who receive Forms 1099-G with inaccurate amounts of unemployment compensation in Box 1 should notify the state agencies of the inaccuracies and request corrected Forms 1099-G. Learn more about reporting unemployment identity theft.
Learn how investment accounts can help manage your tax situation.
How to open and invest in a 529 savings plan
When it comes to saving for your children’s education, 529 plans may be one of the most effective options available.
How to start investing to build wealth
Investing is an essential part of any financial plan that aims to build your wealth, and some investment strategies can help lower your taxes owed.
Is an HSA missing from your retirement plan?
Consider maximizing contributions to a Health Savings Account (HSA) for tax-efficient investing into retirement.
Start saving.
Whether you're putting away for a rainy day, or you have big financial goals, the best time to start saving is now. Explore whether opening a certificate of deposit or money market is right for you.
Tax planning tools for tomorrow.
Taxes are a key part of managing your finances, and it can be challenging to navigate the terminology and ever-changing policies.
Invest for the future.
Save for retirement and reduce your taxes owed with a tax-advantaged investment account like an IRA.
Pay off credit card debt faster.
Debt can be a useful financial tool if you use it wisely. Knowing how to manage debt is a critical component of building your financial wellness.
Tax tips for year-round planning
Even though we consider January through April to be "tax season," tax planning should be a year-round activity. Thoughtful planning could help you reduce your taxes the next time the season rolls around. This could be especially helpful to consider if you receive a quarterly or annual bonus.
1 The annual advisory fee for an Automated Investor Account is currently 0.24% of invested assets, billed quarterly with a minimum investment of $1,000. Your annual advisory fee does not include ETF fees and expenses that are reflected in the daily pricing of the fund or other account level fees as described in our Automated Investor Wrap Fee Program Brochure.
U.S. Bank and U.S. Bancorp Investments are not affiliated with Intuit, TurboTax, TurboTax Online or their subsidiaries.
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