Your tax resource center
Tips and tools for tax season and beyond
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.
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. Learn more about these programs and if you are eligible to apply at IRS.gov.
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.
Sign up for our tax planning webinar for free tips and insights as you prepare to file your taxes.
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, 2022. 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:
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 up to $20 off tax-filing services.
Boost your financial wellness by signing up for free webinars to learn new skills and create smart financial habits.
If you are active duty or reserve military, be sure to check if you are eligible for tax benefits and extensions.
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, to discover possible deductions.
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
How the mortgage interest deduction could save you money
For new and potential homeowners, it's important to understand the tax advantages a mortgage could offer.
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.
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.
Get instant access to your mortgage account.
Explore your mortgage tax documents online.
Find answers to your COVID-19 mortgage forbearance questions.
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.
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.
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 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 tax-free or tax-advantage investment accounts can help with your financial goals.
How to open and invest in a 529 plan
Investing in tax-advantage accounts
Is an HSA missing from your retirement plan?
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.
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.
Invest for the future.
Save smartly for retirement 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.
Make the most of your Child Tax Credit payments.
Should you save or spend your economic impact payments? Explore your options here.
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.
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.
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.
U.S. Bank and U.S. Bancorp Investments are not affiliated with Intuit, TurboTax, TurboTax Online or their subsidiaries.
