If you hate clutter, throwing away your receipts seems like the natural thing to do. Even people who aren’t as concerned with tidiness often toss their receipts in the nearest wastebasket as a matter of habit. And if you’re in the mood for spring cleaning, it’s easy to trash receipts and documents without examining them carefully or considering their importance.
Unfortunately, this practice can have negative consequences when it comes time to file your taxes. An organized and complete paper trail of your expenses can ensure that your tax return is accurate, and you get the refund you deserve. As you go about your spring cleaning this year, be sure to gather all of your receipts and review them fully.
Keep reading to learn why saving your receipts is so important and how a neat and orderly accounting of your payments can maximize your tax returns.