The IRS has three years to audit you from the date of your return, so keep them for at least as long.
Natter 64: Yes, we still need you
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Wow, I've been keeping 7 years' worth of tax returns. (Mind you, I don't itemize.)
Awesome. I'm going to shred some bank statements right now!
Since bank statements and bills are all digitized and available online now, is there really any need to keep them at all? You can get them if you need them, right? RIGHT???!!!
Signed,
Ms. dumps all that shit almost immediately
In order to get my current job, I had to produce tax returns from about 7 years ago. I am just saying.
Yeah, I don't get them in paper format at all anymore. (Bank statements, I mean.)
I'm pretty sure the IRS recommends 7 years for stuff like tax returns. I am far too paranoid to get rid of any tax returns. Or bills, really. We have too much paper.
McSweeney's is doing a whole series of article on bedbugs. Here is the first: [link]
Now that I know I may need it, I hang onto anything related to taxes, investments, insurance, and employment (including pay stubs). I keep bank/credit card statements and bills for a while, and hang onto my HSA-related receipts for at least a year or two.
But even so, I've got a lot of shit I should shred.