![]() ![]() ![]() Tax transcripts used to provide a full range of personally identifiable information, including sensitive data like your Social Security number. The type of tax transcript you get determines the information you’ll see on it. So instead of getting into the weeds with your financial information for a single tax year the way your tax return does, tax transcripts provide an official overview of the information lenders may want, like your adjusted gross income. What types of tax transcripts are available?Ī tax transcript is a quick summary of your important tax information from your federal tax return.Credit Karma Tax® - Always free Learn More Let’s take a look at federal tax transcripts, how they differ from tax returns and how to get your transcript from the IRS. You may find that in most cases, a tax transcript will work - and it’s generally easier and cheaper to get than a tax return. Not all tax records are created equal - you’ll generally be choosing between a tax transcript and a copy of a tax return. There are a few ways to prove your income, but lenders and financial aid officers may prefer to see copies of your tax records. Have you ever needed to prove your income when applying for a mortgage, car loan, financial aid or some other form of funding? This article was fact-checked by our editors and Tolla Tu, tax specialist with Credit Karma Tax®. ![]()
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