Tax Statement

A tax statement includes comprehensive information about the taxpayer’s identity, filing status, income sources, deductions, credits, and overall tax liability. Feathery’s AI automatically extracts this structured data, including personal and dependent details, wages and self-employment income, capital gains and dividends, retirement distributions, and Social Security benefits. It also captures adjustments, deductions, and tax credits such as student loan interest, educator expenses, and child tax credits, while accounting for both federal and state tax withholdings.

This enables faster preparation and review of tax returns, improves data accuracy, and streamlines compliance and reporting workflows. By digitizing and structuring data from forms like the 1040 and supporting schedules, Feathery helps reduce manual entry, ensure accurate tax calculations, and support efficient onboarding for financial advisors, accountants, and tax professionals.