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 tax savings. 

Getting started

Before you file, you may have some questions. Here are a few things you should know:

 

Explore free tax-filing and tax-preparation resources. 

Form 1040 from the IRS

File electronically through the IRS' Free File tool, plus get information on all things tax-related. 

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For free tax calculators, money-saving tools and helpful videos, visit TurboTax, plus take advantage of up to $20 off tax-filing services. 

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Boost your financial wellness by signing up for free webinars to learn new skills and create smart financial habits. 

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If you are active duty or reserve military, be sure to check if you are eligible for tax benefits and extensions. 

Preparing your taxes

You've brushed up on your tax knowledge and gathered all your forms. Now it's time to dive in. Here are a few factors and situations that could impact how your tax forms should be filed. 

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You got married. 

From filing jointly to Head of Household status, learn about how to file now that you're officially a couple. 

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You bought a house. 

Upgrading your status from "renter" to "owner could give you benefits if you itemize

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You added to your family. 

Any dependent is going to influence your taxes, from newborns to college students. 

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You got a divorce. 

Learn more about tax implications and liabilities for divorced couples.

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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. 

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You started a side-hustle. 

Contract workers are responsible for paying their own taxes, among other responsibilities

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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. 

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You invested in a tax-advantaged account. 

Explore different tax-advantaged accounts, such as an IRA, to discover possible deductions. 

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Claiming the Child Tax Credit

As part of the Biden Administration's American Rescue Plan, the 2021 Child Tax Credit has been expanded, increasing the amount that families can claim when they file their taxes. See if you qualify for the credit and learn how to claim. 

Overlooked deductions

Should I itemize my taxes? 

Changes in the Tax Cuts and Jobs Act might mean you could save more by skipping itemizing and taking the standard deduction. 

Tax deductions on charitable donations

No matter how you give, most charitable donations are subject to different tax implications. 

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Get up to $20 in savings when you file with TurboTax®

Plus, bulk up on your tax knowledge with free how-to videos, insightful tips, tax calculators and more. 

Explore helpful information for U.S. Bank mortgage customers. 

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Get instant access to your mortgage account. 

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Explore your mortgage tax documents online.

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Find answers to your COVID-19 mortgage forbearance questions.

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Make the most of your refund. 

Our affiliate, U.S. Bancorp Investments, offers a number of investing options

One way is to leave the guesswork to Automated Investor which combines investing expertise with smart technology to automatically manage your investments. 

After filing

You've filed your taxes — congratulations! What comes next? 

Learn how tax-free or tax-advantage investment accounts can help with your financial goals. 

Read article

How to open and invest in a 529 plan

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Investing in tax-advantage accounts

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Is an HSA missing from your retirement plan? 

Looking ahead

Filing your taxes is just one part of practicing good financial health—so what's next? Explore more tips and information for building on your wealth all year long. 

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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. 

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Get tax-planning guidance. 

Taxes are a key part of managing your finances, and it can be challenging to navigate the terminology and ever-changing policies. 

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Invest for the future.

Save smartly for retirement with a tax-advantaged investment account, like an IRA. 

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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. 

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Invest online.

With online investing options from our affiliate, U.S. Bancorp Investments, you can set a goal and let Automated Investor take care of the heavy lifting for you. Or choose your own investments with a self-directed account

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Tax tips for year-round planning

Even through we consider January through April to be "tax season," tax planning should be a year-round activity. Thoughtful planning could help you reduce your tax liabilities the next time the season rolls around. 

Tax planning

Managing your taxes is part of a healthy financial lifestyle. Be sure your financial plans are tax-friendly with these articles. 

A guide to tax diversification in investing

Using a variety of investment accounts and financial strategies may help reduce the taxes you pay over your lifetime. 

How retirement income is taxed

Don't overlook the impact of taxes as you plot out your retirement income strategy. Review tax guidelines for common retirement income sources. 

Tax deductions on charitable donations

Charitable donations are all subject to different tax implications, so it's important to know what's expected come tax season. 

Want to know more? Take an in-depth look at our tax-planning resources here.

 

 

U.S. Bank and U.S. Bancorp Investments are not affiliated with Intuit, TurboTax, TurboTax Online or their subsidiaries. 

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Investment and insurance products and services including annuities are:
Not a deposit ● Not FDIC insured ● May lose value ● Not bank guaranteed ● Not insured by any federal government agency.

This information represents the opinion of U.S. Bank and U.S. Bancorp Investments and is designed to be educational and informative. The views are subject to change at any time based on market or other conditions and are current as of the date indicated on the materials. This is not intended to be a forecast of future events or guarantee of future results. It is not intended to provide recommendations and/or specific advice concerning retirement accounts or investment planning. It is not intended to be construed as an offering of securities or recommendation to invest. Not for use as a primary basis of investment decisions. Not to be construed to meet the needs of any particular investor. Not a representation or solicitation or an offer to sell/buy any security. Investors should consult with their investment professional for advice concerning their particular situation.

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