- Tax Items: Returns, canceled checks & receipts relevant to your tax return, & records for tax deductions on your return
- IRS Contribution Statements
- Other Retirement Savings Plan Statements
- Bank Records
- Brokerage Statements
- Credit Card Receipts and Statements
- Pay stubs
- House/Condo Records
- Pay stubs: Keep until you get your W-2(s) and make sure everything matches. If they don't, demand an amended W-2, known as a W-2C.
- Tax Items
- Bank Records: Keep the bank records relating to tax matters for seven years.
- Credit Card Receipts and Statements: Keep receipts until your month-end statements come, then match everything up, shred receipts, and keep statements.
Until You Sell
- Bank Records (the ones relating to home improvements and mortgage payments).
- Brokerage Statements (too prove capital gains/losses at tax time).
- IRS Contributions Statements (to prove you paid tax on this money already).
- Other Retirement Savings Plan Statements: Keep the quarterlies during the year, make sure everything matches up at year-end, shred the quarterlies, and keep the yearlies forever.
- Bank Records (the ones relating to home improvements and mortgage payments.)
- Bills: Keep bills of large value items (to prove value); toss bills that are more than a year old and have been paid in full (a.k.a your utility bill from 3 years ago).
- House/Condo Records: Keep records documenting purchase price, permanent improvements, and expenses incurred in buying/selling the home. This will help you during tax time.
Small business owner? See customized document info at A Tax Consultant for All Seasons:
What Records Do I Need to Keep?
How Long Should I Keep Records