How can I collect receipts for tax deductions?

How can I collect receipts for tax deductions?

You can collect receipts by keeping them organized in a folder, using apps to scan them, or requesting digital copies from vendors.

What types of receipts should I keep for deductions?

You should keep receipts for business expenses, medical expenses, charitable donations, and any other deductible expenses.

Is there a specific format I need to follow for these receipts?

No specific format is required, but make sure they include the date, amount, and purpose of the expense.

How long should I keep these receipts?

It's generally recommended to keep receipts for at least three years after filing your tax return.