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Tax Tips

 
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Katrena Piedmont, NC posts: 610
2009 VIP
posted on January 16, 2009 at 05:08PM Inappropriate? Quote Reply

Perhaps some of us have to prepare our own taxes or at least gather up all of the paperwork for someone else to do it. If you have discovered something that helped you, plese share.

I'll give my tip. My family must take quite a bit of medication for chronic health issues. I used to keep all of the receipts and painstakingly go through all those receipts for health expenses to record on the long form. My dad mentioned that I could contact the pharmacy and they will send a printout of the year's receipts for each person in the family. (Some pharmacies now have this online as well, and you may need to sign a release, so check for specifics with your pharmacy if you wish to utilize this service.)

replies: 5 latest post: October 06, 2009 at 06:10PM by Katrena
2008 VIP
posted on January 16, 2009 at 06:25PM
 

Ok, my first tip might be something everyon knows....

I have a spot in my living room where I place all tax paperwork that comes in.  That way as soon as the mail comes in I have a place to stack it :)

My second tip may be something that is too late to do now but can help you next year...

Do all donations by check or credit card - whether it's church, or buying something from a kid's school, or a donation to an organization.  That way you have a record of all these donations even if you don't get a reciept (which you usually don't nowadays).  I know some people don't claim donations, but I do.

posted on September 07, 2009 at 09:41PM
 

Thanks for the info, there are a number of people I know that are on daily medication, I will relay the info to them to check their pharmacies for a summary of their purchases. 

2009 Contributor
posted on September 09, 2009 at 01:35PM
 

#1 improvement in my taxes - TAX CUT SOFTWARE - NO OTHERS!!  Save ALL receipts, keep all information, spread out home improvements to get deductions, etc.  NEVER GO TO H & R BLOCK.  Do your own taxes with Tax Cut Software and you will never use anything or anyone else.  This software includes all the tips you will need.

2009 Contributor
posted on September 10, 2009 at 07:17PM
 

Thanks, Katrena for tip om medication I take a daily medicine for cancer.

2009 VIP
posted on October 06, 2009 at 06:10PM
 
In response to mckiver123's post from September 10 2009 07:17PM
mckiver123 said…

Thanks, Katrena for tip om medication I take a daily medicine for cancer.


Glad I could be of some help! Cancer medications are famous for being quite expensive.

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