promotion image of download ymail app
Promoted

How long should i keep old bills, receipts, paperwork, etc.?

9 Answers

Relevance
  • 1 decade ago
    Favorite Answer

    The actual time required by the IRS to keep records varies with the item. Some are as short as 4 years, others should be kept for the life of the item, such as a home. For the complete details, IRS pub. 552 , link provided.

    • Commenter avatarLogin to reply the answers
  • Anonymous
    1 decade ago

    Keep receipts tax forms and checks for 7 years, same with cc statements.

    Chuck everything else.

    • Commenter avatarLogin to reply the answers
  • 1 decade ago

    Definitely 7 to 10 years. I had something I paid off years ago creep on my credit report and neither I, nor the creditor had proof it had been paid:(

    Source(s): Experience
    • Commenter avatarLogin to reply the answers
  • 1 decade ago

    Seven years. Reason - that's as far back as the IRS can audit you - and they can require you to produce those things. So after 7 yrs, you can get rid of them safely.

    • Commenter avatarLogin to reply the answers
  • How do you think about the answers? You can sign in to vote the answer.
  • Anonymous
    1 decade ago

    shred bills, keep big purchase receipts in folder, shred small ones, all tax deductable reciepts put with your taxes for 7 yrs.

    • Commenter avatarLogin to reply the answers
  • Anonymous
    1 decade ago

    I agree, 7 years, because that is the time limit on an audit.

    • Commenter avatarLogin to reply the answers
  • Anonymous
    1 decade ago

    7 is always the lucky number but I don't think most people do. Imagine the amount of paper work you'd have when moving.

    • Commenter avatarLogin to reply the answers
  • Anonymous
    1 decade ago

    We keep them for 5 years..

    Hello from NYC...Happy New Year

    • Commenter avatarLogin to reply the answers
  • Anonymous
    1 decade ago

    TAX MAN SAYS 7 YEARS.

    • Commenter avatarLogin to reply the answers
Still have questions? Get your answers by asking now.