Keeping Track of Deductions Throughout The Year
At the end of the month when I reconcile my bank statement I go ahead and start adding together all of the tax write offs for January. I staple them all together and put a cover sheet on top with the numbers. I do this at the end of every month.
When tax season comes I have twelve numbers to add for each category. It has made tax season very simple and just adds a few minutes a month to my check reconciliation. Give it a try you'll be amazed as to how simple this is.
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