What are the tax benefits of keeping receipts?
An example of an AI chatbot conversation about tax benefits of keeping receipts.
What are the tax benefits of keeping receipts?
Keeping receipts can help you track deductible expenses, which can lower your taxable income.
Can you give me examples of deductible expenses?
Sure! Common deductible expenses include business travel, office supplies, and home office costs.
How long should I keep my receipts?
It's generally recommended to keep receipts for at least three years after filing your tax return.
What if I lose a receipt?
If you lose a receipt, you can often use bank statements or credit card statements as proof of purchase.
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