Every January I set up a new manila folder and mark it with the year. Then every time I have a receipt or statement I need to save, I just put it in the folder. Come tax season all the paperwork is in one place.
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I do the same thing with my all my tax receipts and put them in a large manila envelope. Then when it's time to do the taxes I don't have to search every where for the paperwork.
I've saved a lot of money and I do my own tax returns each year instead of having to pay someone else.
Great tip - thank you.
Hi, I'm from Lancaster, too, only PA. I do the very same thing. And yes, it makes it so much easier. I'm so glad you posted this for others. It's a wonderful thing to do. I LOVE this thriftyfun. What a huge amount of ideas and "solving problems" around the house I've been able to do. Thank you, poster, and thrifty fun. Love you both! Bev.
I also have a folder in the front of the file drawer for tax items. I think it is important to let people know what paperwwork they need to include. These would be excise tax receipts, contributions to your church (use envelopes and ask for a tax statement at the end of the year), other charitable contribution receipts, fees for work-related organizations, taxes paid on your home, end of year statements from banks, 1099s, to name a few. One thing I learned from a friend was to take a datebook or calendar and keep track of dates of medical appts.
Annette
All those receipts. Who can itemize any more. Unless you have loads of medical bills and a very large mortgage with a very low income you're out of luck. I do save and organize other pertinent info and forms though.
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