What records do I need to keep to prove my deductions?
In California, when filing taxes, you must be able to prove the deductions you are claiming with records. The types of records you need to keep vary depending on the deductions you are claiming. For example, if you are claiming charitable deductions, you should keep records of contributions you made to the charity. These records could include the name and address of the charity, the amount of the donation, and the date of the donation. If you claim deductions for medical expenses, you should keep a copy of the relevant receipts and bills. These should include the name and address of the doctor, date of the service, the amount of the expense, and the purpose of the expense. Also, if you claim a deduction for any business expenses, you should keep receipts and bills related to the expenses. These should include the date and amount of the expense, the business purpose of the expense, and any other related information. Overall, it is important to keep all relevant records in case the Internal Revenue Service audits your tax return. Having these records on hand will make it easier to prove that the deductions you are claiming are legitimate.
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