IRS Won’t Demand Receipts for Expenses Below $75: The rules on receipts for business expenses will be relaxed effective Sunday, the Internal Revenue Service said. The agency said it will raise the requirement for receipts to $75 to prove business deductions for travel, entertainment and gifts. The previous level of $25 dates to 1962. “This change is part of our ongoing efforts to make government work better and cost less. It will make record-keeping a lot less difficult for businesses and employees,” IRS Commissioner Margaret Milner Richardson said.