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What types of receipts do I need to keep for itemized tax deductions?
Businesses are only required to keep receipts over $751. However for individuals, I would throw them all in a shoebox and not worry about organizing them.  There's a small chance you'll need to go through them during an audit, and you can worry about reconciling all of them and putting them in order at that point.  Just write 2010 on the box and keep it somewhere easy, and at the end of the year throw it in your basement (or get a scanner, and scan and trash the original).