Tax Tips

I was even shocked when I read bandaids were deductible!


Tax Tip : Write everything down  Save every receipt. When you begin to keep an accountability log, you know where your money goes and you know if you can deduct your expenses.  Keep a log in a journal notebook. Write down every doctors bill, mileage to go see your doctor, prescriptions, charitable givings (including items donated), items not reimbursed for your work, mileage traveled for work not reimbursed (except your normal daily drive), cell phone bills and home telephone bills if required for work and not reimbursed, (basically anything required that they dont pay you for), tax preparation and books about taxes, health insurance premiums, and day care expenses.  I was even shocked when I readbandaids were deductible! Also, don’t forget to keep your receipts. If you don’t have proof of the purchase, you can’t deduct it.