Keeping Track of Receipts for Taxes

I use a monthly calendar to organize my financial life. I don't use a fancy one, just one that I receive as a promotional free item. I staple all check stubs and I write the amount of my receipts on the day that I had the expense. I have a spot each month where I tally the months expenses. It is very easy to forget such as doctor visit from the previous January when trying to do taxes a year later. By marking such as this in a calendar, itemizing taxes are a breeze! After taxes have been prepared, I bundle the calendar and receipts in a compact Manila folder and label with the tax year.


By Maxine


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