Have you ever wondered how long to keep important financial documents such as receipts, bank statements, and credit card bills? If you’ve got a big box of papers that you don’t know whether they’re important or not, you’re not alone! Here is a quick method to use for an organized system of keeping receipts for the recommended amount of time. Use this printable in your office and reference it when you organize your papers.
It’s important to remember that the IRS recommends keeping tax-related documents for at least six years. An audit can be performed up to six years after filing if an error is suspected, and you’ll want proof of your purchases if that happens.