What Receipts Should You Save?

by | Jan 21, 2020 | Money

  1. Medical & Dental Expenses
    • Insurance premiums
    • Prescription medicines
    • Insulin
    • Medical exams
    • X-ray and lab services
    • Diagnostic tests
    • Full body scan
    • Blood sugar test kit
    • Pregnancy test
    • Nursing Help
    • Hospital Care
    • Stop-smoking Program
    • Weight-loss Program
    • Medical treatment for addictions
    • Medical aids:
    • Eyeglasses
    • Contact lenses
    • Hearing aids,
    • Braces
    • Crutches
    • Wheelchairs

2. Taxes
• State Tax
• Sales Tax
• Real Estate Tax

3. Interest
• Mortgage Interest
• PMI


4. Gifts to Charity
• To Qualified Organizations
• Need documentation if over $250

5. Casualty & Theft Losses
• Theft, Vandalism, Fire, etc.
• Many Limitations apply

6. Job Expenses – Unreimbursed Employee Expenses
• Travel & Transportation
• Meals & Entertainment

7. Miscellaneous Deductions
• Tax Preparation Fees
• Gambling Losses to extent of winnings