The most common documentations for proof of income includes:
- Pay stub
- Bank Statements (personal & business)
- Copy of last year’s federal tax return
- Wages and tax statement (W-2 and/ or 1099)
If you cannot provide a copy of one of the common documents listed above, please see below for a full list of approved documents:
Income
- Copy of last year’s federal tax returns along with federal schedule E that accurately Show current income (can be Federal or state).
- Wages and tax statements (W-2 and/ or 1099, including 1099 MISC, 1099G, 1099R, 1099SSA, 1099DIV, 1099SS, 1099INT).
- Pay stub
- Self-employment ledger documentation
- Social Security Benefits Letter
- Unemployment Benefits Letter
Self-employment
- 1040 SE with Schedule C, F, or SE (for self-employment income)
1065 Schedule K1 with Schedule E - Tax returns
- Bookkeeping records, including receipts for all allowable expenses
- Bank Statement (personal & business)
- Signed time sheets and receipt of payroll, if you have employees
- Most recent quarterly or year-to-date profit and loss statement
Unearned income
- Annuity statement
- Statement of pension distribution from any government or private source
- Worker’s compensation letter
- Prizes, settlements, and awards, including court-ordered awards letter
- Proof of gifts and contributions
- Proof of inheritances in cash or property
- Proof of strike pay and other benefits from unions
- Sales receipts or other proof of money received from the sale, exchange or replacement of things you own
- Interests and dividends income statement
- Loan statement showing loan proceeds
- Royalty income statement or 1099-MISC
- Proof of bonus/incentive payments (like a letter of bank statement showing deposit)
- Proof of severance pay
- Pay stub indicating sick pay
- Letter, deposit, or other proof of deferred compensation payments
- Pay stub indicating substitute/assistant pay
- Pay stub indicating vacation pay
- Proof of residuals
- Letter, deposit, or other proof of travel/business reimbursement pay
