{"id":603,"date":"2015-09-29T13:32:13","date_gmt":"2015-09-29T17:32:13","guid":{"rendered":"http:\/\/www.etax.com\/blog\/?p=603"},"modified":"2015-09-29T13:32:13","modified_gmt":"2015-09-29T17:32:13","slug":"keep-receipts-if-you-itemize-deductions","status":"publish","type":"post","link":"https:\/\/www.etax.com\/blog\/2015\/09\/29\/keep-receipts-if-you-itemize-deductions\/","title":{"rendered":"Keep Receipts If You Itemize Deductions"},"content":{"rendered":"<p>There are two different options for taking deductions at tax time. You can use the standard <a href=\"https:\/\/www.etax.com\/blog\/2026\/02\/19\/new-auto-loan-interest-deduction-how-to-save-up-to-10000-on-your-taxes-2025-2028\/\">deduction<\/a>, which ranged from $6,300 to $12,600 for 2015 taxes, or you can itemize. The choice is up to you. You should check to make sure that itemizing your expenses doesn\u2019t amount to more than the standard deduction if you chose to use it, otherwise you\u2019ll get a bigger tax benefit if you itemize.<\/p>\n<p>If you chose to itemize, you\u2019ll want to keep all your receipts for the items you are claiming, such as charitable donations, supplies, etc. If you use the standard deduction, you don\u2019t need to save your receipts.<\/p>\n<p>There are some deductions that you can claim separately even if you don\u2019t chose to itemize. These deductions include:<\/p>\n<ul>\n<li>Student loan interest<\/li>\n<li>Moving expenses<\/li>\n<li>Alimony<\/li>\n<li>Current tuition expenses<\/li>\n<li><a href=\"https:\/\/www.etax.com\/blog\/2025\/08\/19\/big-changes-coming-for-inherited-iras-in-2025\/\">IRA<\/a> contributions<\/li>\n<li>$250 worth of supplies for professional teachers<\/li>\n<\/ul>\n<p>If any of these deductions apply to you, you\u2019ll need to keep your receipts whether or not you itemize.<\/p>\n<p>Self-employed individuals or freelancers don\u2019t need to itemize business-related expenses, as they are listed on a Schedule C. You will need your receipts to validate any of these expenses, including client dinners, meeting expenses, gas, travel expenses, and the like.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are two different options for taking deductions at tax time. You can use the standard deduction, which ranged from $6,300 to $12,600 for 2015 taxes, or you can itemize. The choice is up to you. You should check to make sure that itemizing your expenses doesn\u2019t amount to more than the standard deduction if [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123],"tags":[299,16,13,291],"class_list":["post-603","post","type-post","status-publish","format-standard","hentry","category-deductions-2","tag-loan-interest","tag-moving-expenses","tag-student-loan","tag-travel-expenses"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Keep Receipts If You Itemize Deductions - eTax.com\u00ae Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etax.com\/blog\/2015\/09\/29\/keep-receipts-if-you-itemize-deductions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Keep Receipts If You Itemize Deductions - eTax.com\u00ae Blog\" \/>\n<meta property=\"og:description\" content=\"There are two different options for taking deductions at tax time. You can use the standard deduction, which ranged from $6,300 to $12,600 for 2015 taxes, or you can itemize. The choice is up to you. 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