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We have a big empty (and dry) Coca-Cola cooler that is empty save for all our tax documentation. We keep every receipt, slip of paper, cancelled checks, check stub, in the hopes we can write much of it off. This actually takes some practice and some stick-to-it-ivness. It’s so easy to lose a receipt or a piece of mail that holds some free money for you in it’s contents. My wife and I keep all our records, mail, bills, stubs, mutual fund certificates, retirement bond certificates, cancelled checks, transaction receipts, bank account statements, credit card statements, paid bill stubs, ATM transaction slips, restraint receipts, etc., etc. Even if we know that some of these documents cannot be used for a tax deduction, we still save everything to make sure. We can easily put the unused documents aside during the sorting.
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