What Counts as a Valid Receipt
Your documentation should include:
- ✓Date of service
- ✓Description of the expense
- ✓Amount paid
- ✓Provider name
EOBs (Explanation of Benefits) are also valid.
How Long Do You Need to Keep Receipts?
There is no exact IRS expiration rule.
If you plan to reimburse yourself in 10 years, you need to keep the receipt for 10 years.
Common Mistakes
- Losing paper receipts
- Relying on email searches later
- Not organizing by date or category
- Mixing reimbursed vs unreimbursed expenses
The Real Risk
Every lost receipt is:
- A lost tax-free reimbursement
- A potential audit issue
Most people don’t realize this until it’s too late.
Never lose a receipt again
HSA Vault automatically scans, categorizes, and stores your receipts so they’re always audit-ready.