How Do You Organize A Home Office For Filing Taxes With Receipts?
Tax time is stressful enough without having to perform a mad search for all your relevant receipts. A dedicated filing system in your home office is an ideal solution for keeping your tax documents organized and on hand. With a well-defined system, you can ensure that your important receipts are saved throughout the year. When April comes around, you will be prepared with all of the appropriate receipts, and filing your taxes will be easier. Identify the types of receipts that you need to hold on to. Medical receipts can often be used for a deduction if you have significant expenses. Hold on to these even if you don’t think they’ll amount to enough, since you can’t anticipate the additional expenses that may hit you later on. Receipts for charitable donations are important as well, as these are tax deductible. If you are self-employed, you may need to hold on to a myriad of other receipts for business-related expenses. Buy a small accordion file folder for your receipts. Label each sec
