Wednesday, March 12, 2008

How Long to Keep Document for Tax Records

Auto records - while active
Insurance policies - while active
Warranties/contracts - while active
Paid bills - while active
Paycheck stubs - 1 year
Quarterly investment records - 1 year
Credit card/bank statements - 7 years
Tax deductible receipts - indefinitely
Tax returns - indefinitely
House-related records - indefinitely
IRA contributions - indefinitely
Annual investment records - indefinitely