Reply to How to keep track of all your expenses and save the matching receipts?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

Huh? Can you explain?

I'm not understanding why you need to hoard receipts especially miscellaneous ones. I could understanding keeping receipts for medications, doc visits, etc for HSA, but that's not what you are asking about.[/quote]

Op here

It's an ABLE account.  The website for my state says:

No explanation is needed to withdraw money from your Attainable account. However, the IRS may ask you to verify that the money was used for a qualified expense, so you should keep records detailing how you’re spending that money.

I think this means to save all the receipts for purchases.  We are really new to all this stuff, but want to do everything right.  I like the idea of photographing the receipts.  That seams fairly easy.  My idea was a big binder with everything in it, kind of like a scrapbook of receipts and notes.[/quote]

You should've said ABLE to begin with. That makes more sense.

And it's to my understanding you can withdraw money out of this particular type of account that are truly a direct benefit to the disabled such as assistant technology, education tuition, job training, etc. - NOT miscellaneous things like entertainment, books, and whatever else you listed in your original post. [/quote]

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