Standard Plan Help Center

Do you have income from sources other than a job?

Examples: Investments, rental properties, or freelance work.

This helps identify other income streams you might have, such as dividends, rental income, or side hustle earnings. Reporting these ensures you comply with tax laws and claim any deductions or credits you’re eligible for.

Do you have dependents? (Children)

This asks whether you have children or others you financially support who depend on you for care. If you do, you might qualify for tax credits like the Child Tax Credit, which could lower your tax bill.

Where are you employed?

This helps us understand how you earn your income—whether you work for a company, run your own business, or have other sources of income. Different types of employment come with unique tax rules, such as reporting self-employment income or deductions for business expenses.

Do you live and work in the same state?

If you live in one state but work in another, you may need to file taxes in multiple states. This ensures we account for any state income taxes or potential credits for taxes paid to other states.

Did you pay any taxes during the year?

Some people, like business owners or those with significant non-job income, are required to make tax payments throughout the year. Knowing if you made these payments helps us calculate if you’ve paid enough taxes or if you owe additional amounts.

Did you contribute to or withdraw from a retirement account?

Contributions to retirement accounts, like IRAs or 401(k)s, can reduce your taxable income. On the other hand, withdrawals may increase your taxable income, especially if taken before retirement age, and might incur penalties unless certain exceptions apply.

Did you have significant changes to your financial situation this year?

Examples include getting married, divorced, receiving an inheritance, buying a home, or starting a new job. These changes can affect your tax situation, including deductions, credits, and filing requirements.

Filing status

Your filing status (e.g., single, married filing jointly, head of household) determines your standard deduction, tax rates, and which credits you qualify for. It’s a critical detail for ensuring your return is prepared correctly.

If you have questions about the Standard Plan questionnaire, read the Q&A below.