Tax Statement

Templates

Tax Statement

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Wealth Management

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Description

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FULL NAME

Extracts the complete legal name of the individual filing the tax return.

SSN

Returns the Social Security Number of the filer for tax identification purposes.

TIN

Captures the Taxpayer Identification Number if different from SSN.

PHONE NUMBER

Returns the primary contact number of the tax filer.

HOME ADDRESS

Extracts the full residential or mailing address of the person filing the form.

FILLING STATUS

Identifies the tax filing status selected, such as Single, Married Filing Jointly, or Head of Household.

SPOUSE FULL NAME

Returns the full legal name of the filer’s spouse, if applicable.

SPOUSE SECURITY NUMBER

Captures the Social Security Number of the spouse listed on the return.

NAME (Dependent)

Returns the full name of each dependent listed on the tax return.

RELATIONSHIP

Indicates each dependent’s relationship to the filer, such as Child or Spouse.

DEPENDENTS SSN

Captures the Social Security Number for each dependent listed.

WAGES SALARIES AND TIPS

Captures total income from employment as reported on W-2 forms.

SELF-EMPLOYMENT INCOME

Returns self-reported income from freelance or business activity, usually from Form 1099 or Schedule C.

BUSINESS INCOME

Captures income from sole proprietorships or businesses reported in Schedule C.

CAPITAL GAINS/LOSSES

Reports net capital gain or loss, typically found on Form 1099 or Schedule D.

CAPITAL GAINS AND LOSSES

Returns realized gains or losses from investments, including stocks or property, on Schedule D.

INTEREST AND DIVIDENDS

Includes income from bank interest and dividend payouts, typically from Forms 1099-INT and 1099-DIV.

INTEREST PAYER

Identifies the institution or payer responsible for interest income.

INTEREST AMOUNT PAID

Specifies the dollar value of interest income paid by each payer.

DIVIDENDS PAYER

Identifies the organization that issued dividend payments.

DIVIDENDS AMOUNT PAID

Captures the total amount of dividends paid by each payer.

EDUCATOR EXPENSES

Reports qualifying classroom expenses claimed by eligible educators.

STUDENT LOAN INTEREST

Captures deductible interest paid on qualified student loans.

MEDICAL AND DENTAL EXPENSES

Returns qualifying out-of-pocket healthcare expenses for itemized deductions.

CONTRIBUTIONS TO RETIREMENT ACCOUNTS

Captures contributions made to traditional or Roth retirement accounts.

ADJUSTED GROSS INCOME (AGI)

Returns the total adjusted gross income after allowable adjustments.

TAXABLE INCOME

Captures the amount of income subject to taxation after deductions.

RETIREMENT INCOME

Reports income received from retirement accounts or pensions.

SOCIAL SECURITY BENEFITS

Returns the total Social Security benefits reported on Form SSA-1099.

TOTAL TAX LIABILITY

Extracts the total tax owed before credits and payments.

WITHHOLDING AMOUNT

Captures the total amount withheld from income for federal taxes.

STATE TAX WITHHELD

Returns the amount of income tax withheld at the state level.

FEDERAL TAX WITHHELD

Reports federal income tax withheld, often from W-2 or 1099 forms.

PAYMENTS MADE

Captures all tax payments made, such as estimated taxes or direct payments.

REFUND OR AMOUNT OWED

Shows the final calculation of refund due or additional tax owed.

TAX CREDITS

Returns the total amount of nonrefundable or refundable tax credits claimed.

CHILD TAX CREDIT

Captures the credit applied for qualifying children under age limits.

EARNED INCOME TAX CREDIT

Reports the refundable credit available for low-to-moderate income earners.

STATE INCOME

Captures state-reported income or income adjustments.

STATE IDENTIFICATION NUMBER

Returns the assigned state ID number for employment or filing purposes.

STATE AND LOCAL TAXES

Returns total reported payments or liabilities under state and local jurisdictions.

LOCAL TAX REQUIREMENT

Specifies filing or payment requirements for local (municipal) taxes.

TAX YEAR

Returns the calendar year for which the return is being filed.

DESIGNEE NAME

Lists the authorized third-party designee who may discuss the return with the IRS.

EMAIL ADDRESS

Captures the email associated with the tax representative.

OCCUPATION

Returns the professional role of the tax representative.

NAME (Form 1040 Payer)

Identifies the payer listed in the 1040 section of the form.

BOX 7 CODE

Returns the code indicating the nature of the 1099-R distribution.

GROSS DISTRIBUTION 1099-R BOX 1

Captures the full value of the distribution before taxes.

TAXABLE AMOUNT 1099-R BOX 2A

Reports the taxable portion of the 1099-R distribution.

QUALIFIED CHARITABLE DISTRIBUTION

Identifies charitable distributions that may reduce taxable income.

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.

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