Do you have everything you need to prove your deductions?

Tax deductions are a great way for individuals and companies to subtract certain expenses from their taxable income and reduce their overall tax bill. And there are very slim chances that the IRS will take a second look at your tax return. But if that happens, you will have to prove your deductions to the IRS – by substantiating that you paid the expenses you are claiming and by proving that those expenses are tax deductible.

Watch the video below to know about all the documents you need to prove your deductions.

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