Saving Reciepts

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Sometimes when it comes to taxes you need to save reciepts. These can be a hassle because most people are so used to just tossing them in the trash.

Though saving them can mean a big difference in your refund. Here is a great way to save your reciepts and make them easy for anyone doing your taxes to process.

Take your reciepts and seperate them. Take an envelope and mark on it the year and place all reciepts for that year into that envelope, and if you want to break it down even more mark several envelopes with the year and store name and place each reciept into the proper envelope.

This will make things much easier on yourself and on your tax prep artist.

[dollardaze]

I think you really should have your receipts separated and labeled. It takes much less time to do this as you go instead of trying to organize them before you take them to your tax person, especially if you have a lot of receipts........and you may find that you save money by doing this yourself. Your tax preparer may charge you by the hour for the time it takes to sort through all your receipts, and you don't want to be paying all this money out.

I know of a lady who was in charge of the family business and who simply threw all the receipts in a shoe box. I don't know if she knew this, but she paid a lot more money to the tax preparer for all the sorting than she would have if she had just sorted each receipt as she obtained it. (I knew the tax preparer and he said that he didn't have a choice but to charge for this, as he could have prepared several tax returns in the time it took to sort those receipts.)