How do I keep receipts for taxes?
An example of an AI chatbot conversation about keeping receipts for tax purposes.
How do I keep receipts for taxes?
To keep receipts for taxes, organize them by category and store them in a safe place, either physically or digitally.
What categories should I use for organizing my receipts?
Common categories include business expenses, medical expenses, charitable donations, and personal deductions.
Is it better to keep paper receipts or digital copies?
Digital copies are often more convenient and easier to organize, but make sure to back them up.
How long should I keep my receipts?
Generally, it's recommended to keep receipts for at least three years after filing your tax return.
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