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Saturday, April 19, 2014

Taxes and Medical Bills

I have three children.  We have a family doctor, specialist, blood doc, orthopedist, podiatrist, dentist, eye doc, emergency room and a few others on our regular schedule.  Keeping up with prescriptions, miles driven, co pays, bills and otc meds is a bit of a hassle.  I usually just put them all in a folder and deal with them at tax time.  Ugh.

Then, about two years ago, I started keeping up with them every few weeks.  This made things so much easier.  Instead of several hours once a year, I spend about ten minutes once a week putting records into the computer for later use.  I try to do this after every appointment, but you know how that goes....

I have an excel file that works wonderfully.  Then, after each receipt or visit has been entered into the file, I can put it into the tax folder labeled "entered" for this year.  Now I have no more piles on my desk (or if I do, they are much, much smaller), and I don't dread tax time.

This is really a very simple file.  I can email you a copy if you would like.  It simply has the date, how many miles were driven (r.t. = round trip) who and what the expense was for and how much it cost.

Down at the bottom I have a running total of how many miles have been driven for the year and how much the total expenses have been for the year so far.

Yes, this is an actual copy.  I don't have all the receipts in for this year yet (that's why there are a few blank spaces) but you can see all the miles and dollars already used trying to keep everyone healthy.

Also, for tax deductible donations - ie good will, church, awana, compassion international.... I use

I enjoy using this because with every receipt, I can keep up with what was donated.  I am that crazy person who always itemizes.  This is the easiest way I have found to do it.  After each donation to Good will (make a list of everything  you are donating) I simply enter it into this website, then import it into Turbo Tax when I do my taxes.  Done in just seconds (when I file.  It only takes a few minutes with each large donation.) 

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