Tax Tips: What are the different transcript types?
1. Tax return transcripts show most line items from the taxpayer’s original Form 1040-series tax return, along with any forms and schedules, but doesn't show any changes made after the original return was filed. It’s available for the current and three prior tax years and is often used for life events such as mortgages or financial aid.
2. Tax account transcripts show basic information such as filing status, taxable income, and payment types. Unlike the tax return transcripts, this one will show changes made after the original return was filed and is generally available for the current and nine prior tax years.
3. Record of account transcripts combine the tax return and tax account transcripts above into one complete transcript. This transcript is available for the current and three prior tax years.
Wage and income transcripts show data from information returns we receive such as Forms W-2, 1098, 1099, and 5498. The transcript will only display information return documents that have been filed with the IRS which may not reflect all the information return documents issued to the taxpayer. This transcript is available for the current and nine prior tax years.
4. Verification of non-filing letter states the IRS has no record of a processed Form 1040-series tax return as of the date of the request. It doesn't indicate whether the taxpayer was required to file a return for that year. This letter is available after June 15 for the current tax year or anytime for the prior three tax years.
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Tax Tips: Tracking charitable donations - Part 1:General deduction rules.
Generally, taxpayers must itemize deductions on Schedule A (Form 1040), Itemized Deductions to claim a deduction for charitable contributions. However, beginning with tax year 2026, taxpayers who do not itemize may be able to deduct up to $1,000 in cash contributions, or $2,000 for married taxpayers filing jointly, made to certain qualified organizations.
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California is making changes to Medi-Cal that may affect you.
1. Doctor Changes for UIS
If you have UIS (Unsatisfactory Immigration Status) coverage, you may need to find a new doctor. Starting January 1, 2027, some doctors will stop taking this type of Medi-Cal. If you have questions, call your doctor's office.
Does not apply to: pregnant people, people who gave birth in the last 12 months, and former foster youth under 26 who were in foster care on their 18th birthday.
2. UIS Dental Coverage Ends
Beginning July 1, 2027, people with UIS will no longer receive full Medi-Cal dental benefits. Emergency dental services will still be covered.
Does not apply to: pregnant people, people who gave birth in the last 12 months, and former foster youth under 26 who were in foster care on their 18th birthday.
3. Qualified Non-Citizen
Qualified Non-Citizens will keep full-scope Medi-Cal until July 1, 2027, after that date, coverage shifts to emergency-only Medi-Cal.
Does not apply to: lawfully present children under 21, and lawfully present individuals.
4. Asset Limit Change
Beginning July 1, 2027, some Non-MAGI Medi-Cal members may lose coverage if their countable assets are more than $21,000 for one person or $31,000 for a couple.
5. UIS Medi-Cal Monthly Premium
Beginning July 1, 2027, some people with UIS may have to pay a monthly premium of up to 50$ to keep their Medi-Cal coverage.
Does not apply to: pregnant people, people who gave birth in the last 12 months, and former foster youth under 26 who were in foster care on their 18th birthday.
Additional Information
This is not a comprehensive list of Medi-Cal changes. For more information visit DHCS.
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