The Hidden Treasure in Your Receipts

Proper recordkeeping could be your ticket to maximizing deductions and minimizing stress!

The $250 Rule That Could Save You Thousands

[{"selector":"#anim-13ec365e-880c-42ab-92b7-e3ddbe395a1d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0cd0737e-b0fd-40be-a628-0a80e2862783","keyframes":{"transform":["translate3d(126.76580%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-afe9e379-68f5-4158-988c-ce429d901b00","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0cc603c9-455d-4c7e-9cc1-e0791d70ae4f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Charitable donations under $250 don't need receipts! Quick tip: Set up a dedicated folder for donation receipts to easily track your charitable giving.

Digital vs. Physical

[{"selector":"#anim-156f0c06-44de-4656-88f4-b3878716f251","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1b0740b8-dfa4-460c-9922-2982d0f73fe0","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5a1a67f9-4e63-4725-a931-e399f01bf2bc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3b657ead-e8b7-4109-8ad7-cb35f911f213","keyframes":{"transform":["translate3d(126.76580%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f983d5da-29da-4366-b611-b9c923d0047f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-28.90624987200394%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Are you Team Shoebox or Team Cloud? Use a hybrid approach - scan documents for easy access, but keep physical copies of major purchases and tax returns.

The 3-Year Rule That Could Cost You Big Time

[{"selector":"#anim-dab24fc2-2f71-422a-b57f-562941553967","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a36f2bd2-08c5-4748-b693-d208c2553e3f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-38896da8-7626-4439-8ca1-5b6e094437a4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-afec8203-3961-4553-b047-2733e586ef45","keyframes":{"transform":["translate3d(132.34202%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-74645137-aa73-416e-931d-753fb507f156 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.319962573217424%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Think you can toss those records after a year? Think again! For property records, keep documentation for 3 years after you've sold the asset. Learn more

The Shocking Truth About Business Mileage

[{"selector":"#anim-985b5afb-6fe0-42fd-92ef-08e1b493db53","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-75a100e4-5765-4220-94a8-81548b1da829","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-566cf055-a12c-44f3-9c74-87750dc31e9b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2f13d7d9-3639-458a-a668-463a52bc5d33","keyframes":{"transform":["translate3d(132.34202%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5190e227-1b1b-4b34-9f99-965acca90588 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Record the date, destination, purpose, and miles driven for each business trip. Use a mileage tracking app to automatically log your business drives and calculate deductions.

Ready to turn your recordkeeping into a money-saving superpower? Contact Akron Income Tax Co. today for expert guidance and start maximizing your deductions!

[{"selector":"#anim-34ce77fa-5a70-4d41-8b94-bfe7b7524754","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d4e7d18a-1cc7-4a45-ab30-40327f9a10db","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e104dca2-2468-4569-a859-cd33181132e2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71a80329-1ba9-484d-8c21-66b2f8e907a7","keyframes":{"transform":["translate3d(122.37762%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 2215 E. Waterloo Rd. Suite 113 Akron, Ohio 44312 (330)733-1040 Akron Income Tax Co.