how long do we keep our?

Here is the link to the IRS site where you have the list of how long you must keep records.

Here they tell us to keep them at least six years.

Fortunately I do not have many papers to keep for tax purposes. The employers submit the income details online to IRAS, and many of us do not have reliefs to claim, so we are on no-filing scheme.

It just depends. Usually 5-7 years.

I run a business and I know that I need to keep my stuff seven years, but I don't keep a copy of my bills or personal bank statements at all just the business related stuff. Do you have a tax person that does your taxes each year? If so, they would be the one to ask. I was actually thinking if was seven years for everyone not just business owners, but I've been a business owner for so long now that I don't remember for sure. Even if it's seven, you'd only have to keep the papers that show your deductions if you itemize them to get more back. You don't need to keep everything sent to you. And, most banks can retrieve the statements if they are needed later on.

Three years seems like the most common amount of time

I keep them much longer, I'm afraid to throw them away! My ex has a good system, though. He takes photos of receipts, tax returns, and other important things then uploads them to his computer. Then he adds them to a flash drive that he keeps in a fireproof safe. Any time he needs to he can retrieve a paper, document, receipt or whatever and print it out. No more paper! If I had a camera or a scanner I would certainly do that! I would be rid of a couple of boxes of papers. I still keep a documents box full of my divorce papers from 2005-2006. My attorney destroys his copy of stuff after a year and I'm afraid I'll need them for some reason. I'd love to copy them and then throw them away!

thatsabout how long I keep mine Im paperless on my bank of America online account as they'd o not charge me for taking money out pr putting it back in while they do charge for using the local bank tellers in our local bank lol lol.

Here, the law is 6 years and so that's what I do. Anything after 6 years goes in the garbage.

We keep all our stuff for many years, at least 5 I would say. Always hard to throw that stuff out even though I normally want to throw them out the very next day. I hate looking at that stuff and they clutter the house. lol

I keep everything, but then I get so fed up and start throwing everything away. I have to be careful when I get like that, because I often throw out things I absolutely need.

I was told 7 years. That was many years ago. I wonder if the time limit has changed.

I preserve them. Here in India, it is safe to make a record of everything and preserve thing without any limit.

I've never kept that stuff, honestly.

I have been keeping them for 7 years. But only what I think is important. Certain receipts that back up what I claimed on my taxes. When this tear's is done I will through out the oldest one. So the box doesn't get any bigger

I've heard from some people to save them for 5 years, but that seems ridiculous to me. I think saving them for 3 years is plenty. I doubt that you'll need them beyond that, even if you got audited.