My accountant friend said I didn't need to track expenses under $75

My friend Mike who does taxes told me last year not to bother tracking anything under $75 since it 'wouldn't matter.' Well I had about 40 of those little receipts from office supplies and printer ink at Staples in Indianapolis. When I added them up for 2023 I had $2,800 in deductions I almost missed. Has anyone else gotten bad advice from someone who seemed like they knew what they were talking about?

3 comments

0 Comments

No comments yet

Be the first to share your thoughts on this discussion.