Good Lifestyle

Staying above your finances is easier to say than to do. This is why a lot of people make the bare minimum: they keep their budget, except a small percentage of their pay check per month, andTake up their taxes once a year. But if you really want to go ahead, you have to do more - and that includesRecording of receipts if necessary. Here, accountants and financial experts tell us the types of receipts that you must always keep. This will save you time, headaches and even thousands of long -term dollars.

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The conservation of receipts for independent work costs will save you hours (and dollars!) On tax day. "Many of the costs you incur when you work for yourself, such as those for marketing, office spending, insurance and travel, can be radiated when you submit your taxes," saidSteven Wilson,,Founder of the personal finance website Bank. "Public services and costs related to the management of a home business could also be covered." To prepare for success, keep a trace of all energy bills, rent payments, mortgage information and receipts for business purchases.

In the event of an audit, you will also want to save them in the long term (the IRS can return to six years in certain circumstances). "If you are verified, a large part of the impact will depend on who [your listener is] and if they are inclined to be kind or inclined to be difficult," saidRyan Reifert,,Business planning lawyer and inheritance and founder of the lawRyan Reifert offices, PLLC. "If they are inclined to be difficult, have a huge pile of receipts to support as many commercial expenses in good faith as possible will greatly help preserve these deductions and save money."

A major purchase could be something as large as a dishwasher or as small as an investment bag. "These receipts can be used to return an article if it is defective, to obtain a refund if the item is not what was expected, or to exchange the item for something else," saidMichael Ryan,,Planner and financial founder of the financial literacy site Michael Ryan Money. "The main purchase receipts can also be used to prove the property of an item in the event of a dispute." Keep a trace of these receipts easily by scanning or sending them to a specific file in your email.

Read this then:The reason n ° 1 that you could be audited by the IRS, warn the experts.AE0FCC31AE342FD3A1346EBB1F342FCB

If your purchase has a warranty or warranty, you must always record the receipt as long as the conditions apply. "These receipts can be used to obtain a refund or replacement if an item breaks or does not work as expected," explains Ryan. "The guarantees can also be used to obtain free repairs." For example, Ryan notes that his water heater had a life guarantee. "This allowed me to save $ 1,500 by being able to withdraw the receipt from 13 years ago," he notes.

Whether it is the plumbing work done on your home or your mechanical work done on your car, you will want to record the receipt. "These receipts can be used to obtain a refund or a credit if a repair is not carried out correctly or if the service is not up to par," explains Ryan. "They can also be used to obtain a repairs or future services." Again, you will want to scan these receipts, because you may not realize that you need a refund for years after the initial employment.

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This is another receipt that you can use for your taxes - and you don't even need to be independent. "Children's care expenses or payable for a baby-sitter, a daycare, a day camp, a program after school or another care provider may be eligible for a tax credit," explains Wilson . "Additional costs, such as the cost of a nanny, a cook or a housekeeper hired to provide services or care to your child or your dependent, can also be eligible if care are carried out in your house. " These costs only apply if you have paid the services in order to work or seek a job. Ask your accountant if you are eligible.

According to the IRS, you canDeduction contributions Money or goods made to qualified charities. To do this, however, you will have to detail your deductions, which means displaying your receipts. Most people can deduct up to 50% of their gross adjusted income. Redirect money to a charitable organization that needs it? It looks like a winner.