How can I track my expenses for taxes?

How can I track my expenses for taxes?

You can track your expenses by using apps, spreadsheets, or accounting software. What method do you prefer?

I think an app would be easiest. Any recommendations?

Sure! Popular apps include Mint, Expensify, and QuickBooks. They can help you categorize and manage your expenses.

How do I categorize my expenses for tax purposes?

You should categorize them into business, personal, and deductible expenses. Keeping receipts and records is essential.

What if I forget to track an expense?

It's best to track expenses regularly. If you forget, try to reconstruct them from bank statements or receipts.