Offer your thoughts or opinion on the input financial query or topic using your financial background.

What types of receipts do I need to keep for itemized tax deductions?
I err on the side of saving all of mine for a while.  Just toss them in a box at least.  A years' worth is about the size of a shoebox. I started doing this because one year, about a week after I tossed my receipts for the year, I realized that I had a fair bit of allotment left on my flexible savings account to use up.  I could have used those to substantiate over-the-counter medicines I purchased. Even if you don't use them for tax purposes, you can use them for budget-tracking purposes.