Answer: Yes, your monthly list of expenditures on your credit card statement could very helpful at tax time.
When it comes time to file your taxes, there are a variety of different items that could be deductible.
For example, if you operate your own business, you may be able to deduct certain expense. Also, if you have a lot of medical expenses, they could be tax deductible. If you donate money to charitable organizations, it could be tax deductible.
It would be wise to save your statements and look for deductions.
