Deductions & credits

 

For the last 5 years, our annual household medical expenses have been between $40,000 and $50,000 and during this time I insisted my wife save every doctor's appointment visit summary, every itemized pharmacy "cash" register receipt, every itemized clinic, hospital, and laboratory invoice, and just to be safe obtain an annual statement from each service provider in the month of February for the previous year. Imagine the work involved!

 

She will be delighted to know there is absolutely no reason for us to save anything other than our credit card statements and those bank statements that are attached to our debit cards. 

 

Thanks!