Receipts missing...

[yankeeyosh]

I am missing a few receipts for tax deduction purposes, but they show up on my credit card. Will the credit card statement suffice? (They were credited two days after the fact, so I am concerned that they will be invalid).

[redav]

I'm assuming you are asking about federal taxes.

I did a quick scan through some of the tax docs. Some of them mention having receipts, some mention just "records" that list time, place, purpose, etc. I can't say for sure since I don't know what deduction you are claiming.

[yankeeyosh]

I'm assuming you are asking about federal taxes.

I did a quick scan through some of the tax docs. Some of them mention having receipts, some mention just "records" that list time, place, purpose, etc. I can't say for sure since I don't know what deduction you are claiming.

They are gas station receipts for when I moved here to boston. It's about $80, so in the end, it might be $10 in savings. I don't think it's worth it to risk getting in trouble.

[redav]

I checked on that deduction, and it does not specifically say that receipts are required. It says:
It is important to maintain an accurate record of expenses you paid to move. You should save items such as receipts, bills, cancelled checks, credit card statements and mileage logs. Also, you should save your Form W-2 and statements of reimbursement from your employer.
If you have credit card statements that indicate when (within a few days is fine)/where/who/etc, you can legitimately recreate the evidence necessary to prove your expenses.

For more info, check the IRS website for Form 3903 and Publication 521
http://www.irs.gov/pub/irs-pdf/f3903.pdf
http://www.irs.gov/publications/p521/index.html
http://www.irs.gov/publications/p521/ar01.html#d0e43

[Ciderhillnh]

Did you spend more itemized than the standard deduction?

If you didn’t spend more than the standard deduction it makes the most sense to take the standard deduction and be done with it, than to itemize since you actually wont get the same 'savings' on your taxes doing it that way unless you are well over the standard.

[yankeeyosh]

Did you spend more itemized than the standard deduction?

If you didn’t spend more than the standard deduction it makes the most sense to take the standard deduction and be done with it, than to itemize since you actually wont get the same 'savings' on your taxes doing it that way unless you are well over the standard.

There is a separate schedule for moving expenses, so it would be in addition to the standard deduction (I had the same issue last year when I moved from Fla. to N. Y.).

[nikorock28]

When I moved from CA to AZ, I looked up on mapquest the mileage difference between the two locations and used that to calculate the deduction. If I got audited, I could locate the credit card statements, as I read the tax code that redav posted.