What documentation do I need to file my taxes?

To file taxes in Alaska, individuals will need a variety of documents to ensure they complete their tax returns accurately. Although Alaska does not impose a state income tax, individuals may still be required to file federal tax returns and may have other considerations, such as local taxes or certain business taxes. Typically, the documentation required for filing federal taxes includes W-2 forms from employers, which report annual wages and the amount of taxes withheld. If individuals have income from self-employment or freelance work, they will need 1099 forms, which report that income. Additionally, any documentation related to investment income, such as 1099-INT or 1099-DIV forms, should be included. Individuals may also require receipts and records for various deductions and credits, including mortgage interest statements, property tax payments, and qualified medical expenses. For those who itemize deductions, keeping thorough documentation is essential. In some cases, individuals may benefit from maintaining records of educational expenses or business-related costs. It is always advisable to check the current federal IRS guidelines for comprehensive filing requirements and to refer to the Alaska Department of Revenue website for any relevant updates regarding local tax considerations. Reviewing the necessary documentation prior to filing can facilitate a smoother tax process.