What records do I need to keep for tax deductions?
An example of an AI chatbot conversation about tax deduction records.
What records do I need to keep for tax deductions?
You should keep receipts, invoices, bank statements, and any documents that support your deductions.
How long should I keep these records?
It's generally recommended to keep tax records for at least three years after filing your return.
Are there any specific records for home office deductions?
Yes, for home office deductions, keep records of your utility bills, rent, and any home improvement expenses.
What if I lost some of my receipts?
If you lose receipts, you can use bank statements or credit card statements as proof of your expenses.
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