What your receipts are worth in the US

Straight answers on business expenses, IRS retention periods, and return rights in the United States - with every tax code and statute linked and verified.

IRS & tax records

Retention periods, digital storage rules under Rev. Proc. 97-22, and what the IRS requires for Schedule C deductions.

Tax calculation worksheets, pen, and calculator arranged on a wooden desk.
Start here

How long do you need to keep receipts for the IRS?

Three years - or up to seven for certain deductions. When the IRS clock starts, which business records to hold, and when digital copies are enough.

Read
A ledger book with cash, receipts, and accounting records on a tabletop.

Do you need receipts for expenses under $75 for the IRS?

The $75 rule applies only to specific travel and meal expenses. Why lodging and general supplies never qualify, and how to avoid an audit trap.

Read
Hand holding a smartphone camera above paper documents.

Does the IRS accept photos of receipts?

How electronic receipt records can meet IRS recordkeeping requirements, what clear copies need to show, and why retrieval matters.

Read
Person reviewing a printed company invoice on a clipboard with a pen

How to record self-employed income in the US

Self-employed income records: invoices, payments and the documents to keep for the IRS. A practical way to connect earnings with business expenses.

Read
Receipts and financial documents on a desk with a calculator and smartphone.

How to split receipts between business and personal use

How to apportion mixed receipts and recurring bills for tax deductions. IRS, ATO, and HMRC rules for business-use percentages, phone bills, and store dockets.

Read
A room being renovated, with exposed wiring on the wall and paint cans, boxes and supplies on the floor.

How to track home improvement costs for taxes

Keep every receipt for the project in one place and separate improvements from repairs. How the IRS treats them on your home and on a rental property.

Read
Organized files, folders, and documents prepared for a tax audit review.

IRS audit with lost receipts: How the Cohan Rule works

What happens if the IRS audits you and receipts are missing. How the Cohan Rule works, where it fails under Section 274(d), and how to reconstruct records.

Read
US dollar and euro banknotes spread out together.

Receipts in a foreign currency: converting expenses to US dollars for the IRS

Paid for a business expense in euros or yen? The IRS rule for converting to dollars, which exchange rates it accepts, and what to keep with a foreign receipt.

Read
A two-storey suburban house with a front porch and lawn.

Rental property records for Schedule E: what US landlords should keep

The records US landlords need for rent, deposits, deductible expenses and depreciation, how personal use changes the rules, and how long to keep receipts.

Read
Rideshare and cab driver sitting in the driver's seat checking a smartphone

Rideshare and delivery income: records for the US

Driving for Uber, Lyft, DoorDash, Uber Eats or Instacart in the US? See which earnings statements, fees, payouts and vehicle records to keep for the IRS.

Read
A freelancer working at a desk with a laptop, notebooks, and expense receipts.

Schedule C receipt requirements: What records do sole proprietors need?

What receipts sole proprietors and 1099 contractors must keep. Contemporaneous logs, bank statements vs receipts, and how to prove Schedule C deductions.

Read
Parcels with shipping labels stacked beside a potted plant.

Selling online and Form 1099-K: when it's taxable and what the IRS sees

Got a 1099-K from eBay, Etsy or PayPal? Learn the $20,000/200-transaction rule, how personal items sold at a loss work, and which receipts to keep.

Read
Car instrument cluster showing trip distance in miles and total odometer reading

Standard mileage deduction: what records do you need?

Business travel, statement distance, logbooks and expense receipts: the vehicle records to keep in the US before calculating a car claim.

Read
A Form 1040 U.S. Individual Income Tax Return tucked into a folder marked Tax Returns.

US tax deadlines for the 2026 tax year: filing, extensions and estimated tax

The 2026 tax year is the calendar year. Returns are due April 15, 2027, extensions run to October 15, and estimated tax is due four times a year.

Read

Warranties & returns

Magnuson-Moss rights, state return laws, and what counts as legal proof of purchase when you lost the receipt.

Managing receipts

Practical ways to track business expenses and keep an audit-ready digital paper trail.

For the figures Bilbx applies in the US, see the tax rules for the US. These guides are general information, not tax or legal advice. How we research and review them.