Diversified Services Management Group Inc (DSMG)

2025 Tax Checklist

[ ] W-2 forms from employers

[ ] 1099 forms for freelance or contract work

[ ] 1098 forms for mortgage interest

[ ] 1095 forms for health insurance

[ ] Investment income statements (1099-DIV, 1099-INT, 1099-B)

[ ] Receipts for charitable donations

[ ] Records of business expenses (if self-employed)

[ ] Education expenses (1098-T, 1098-E)

Review Deductions and Credits

[ ] Standard deduction vs. itemized deductions

[ ] Child Tax Credit

[ ] Earned Income Tax Credit

[ ] Education credits

[ ] Energy-efficient home improvement credits

Business Deduction Checklist

[ ] Home office expenses (if you use part of your home regularly and exclusively for business)

[ ] Vehicle expenses (mileage log or actual expenses if used for business)

[ ] Travel expenses (transportation, lodging, meals for business trips)

[ ] Office supplies and equipment

[ ] Professional development (courses, seminars, books related to your business)

[ ] Marketing and advertising costs

[ ] Business insurance premiums

[ ] Rent for office space or equipment

[ ] Utilities (phone, internet, electricity if separate from personal use)

[ ] Professional fees (legal, accounting services)

[ ] Salaries and wages for employees

[ ] Contract labor costs

[ ] Depreciation of business assets

[ ] Business loan interest

[ ] Business-related software subscriptions

[ ] Health insurance premiums (for self-employed individuals)

[ ] Retirement plan contributions (SEP IRA, Solo 401(k), etc.)