Updated: Jan 28, 2022
Tax Documents are not just for forgetting after April 15th. If you want to buy a house, these are vital pieces of info all lending companies will need for you to be pre-qualified. See the full list of documents you will be need to be qualified
There are 2 types of Tax Documents: Tax Transcripts & W2s A 1040 Tax Transcript includes all information included in your tax return, including other supporting tax documents A W2 is simply the information submitted by your employer.
Which one do I need? Well, that depends on your situation or what type of loan your are applying for. You will need a Tax Transcript if you are:
Applying for a USDA loan (rural loan)
Applying for a Mississippi Home Corp Loan
Applying for a Down Payment Assistance Program
A Professional Driver
Employed by a Family Member
Any other situation or loan type you will only need your W2s.
Okay...Got It! Now where do I get my W2s or my Tax Transcripts For your W2 you can contact your Human Resources department at your employer. Some may even have a portal for your payroll that you can download your W2s. For your Tax Transcripts Online: https://www.irs.gov/individuals/get-transcript By Phone: 800-908-9946