The Internal Revenue Service (IRS) announced it is making it easier for taxpayers to file their taxes by adding tax information documents to its IRS Online Account for Individuals, consolidating important tax records in one digital location.
The first information returns to be added are Form W-2, Wage and Tax Statement; Form 1095-A, Health Insurance Marketplace Statement; and Form 1099-NEC, Nonemployee Compensation. These forms will be available for tax years 2023 and 2024 under the Records and Status tab in the taxpayer’s online account.
In the coming months, the IRS will add more tax information documents to the online account for individuals. Adding information returns like Form W-2 to the individual online account makes tracking critical planning information even simpler.
Tax information documents are filed and must be reported to payers and the IRS by employers, financial institutions, government agencies, and other taxpayers. They provide information that can help individuals file their taxes.
Only tax information documents issued in the taxpayer’s name will be available in their online account. Their spouse must access their own online account to obtain their tax information documents. This is true regardless of whether they file a joint or separate return. It is important to note that state and local information, including state and local details on Form W-2, will not be available in the individual online account. Filers must continue to keep records mailed by the original issuer.
Creating an IRS Online Individual Account
Individuals can create or access their online account at IRS Online Account for Individuals. In addition to Forms W-2, 1095-A, and 1099-NEC, individuals can:
· View key details of their most recent tax return, such as Adjusted Gross Income.
· Request an Identity Protection PIN and view it year-round.
· Check their refund status.
· Obtain account transcripts, including wage and income records.
· Sign tax forms, such as powers of attorney or tax information authorizations.
· View and edit language preferences and alternative media options.
· Receive and view over 200 electronic IRS notices.
· View, make, and cancel payments.
· Set up or modify payment plans and check their balance.
Even if taxpayers are still missing or have incorrect documents, they must file their tax return on time. If they do not receive a tax information document, or if it is incorrect or lost, taxpayers should contact their employer, payer, or issuing agency and request a copy of the missing document or a corrected one. This year’s tax deadline is April 15 for most taxpayers. For more information, read Topic 154, Form W-2 and Form 1099-R (What to Do If Incorrect or Not Received) on IRS.gov.
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