I don't. I scramble every year thru the shoebox of receipts to try and organize them. No problem these days since Trump rolled out the new tax forms. No receipts needed at least for us. The standard deduction is so high now that keeping receipts is futile. But when we ran the businesses EVERY receipt was present and accounted as they came. Major headache otherwise. I would never give the IRS more than necessary to stay legal.
Great Post. on another subject, totally different ...
How do you save your receipts for tax time ?
I don't. I scramble every year thru the shoebox of receipts to try and organize them. No problem these days since Trump rolled out the new tax forms. No receipts needed at least for us. The standard deduction is so high now that keeping receipts is futile. But when we ran the businesses EVERY receipt was present and accounted as they came. Major headache otherwise. I would never give the IRS more than necessary to stay legal.
That is good advice. The standard deduction TRUMPs the “long form”
I stink at keeping paperwork, so I literally take a photo of receipts when I get in my car immediately after shopping. 😆