Discard Currency Document For Free

Important papers to save forever include: Birth certificates. Social Security cards. Marriage certificates. Adoption papers. Death certificates. Passports. Wills and living wills. Powers of attorney.

What to Toss/Shred: Canceled checks or nondeductible expenses, after 3 years. Expired warranties. Pay stubs, after reconciling W2. Bank statements ? after 1 year, unless needed to support tax filing. Investment Statements ? shred monthly statements; keep annual statements until you sell the investments.

Examples of valuable papers used occasionally include birth, marriage, and death certificates; deeds; leases; contracts; insurance policies; military papers; divorce decrees; Social Security records; and wills. It is important to carefully store valuable papers which would be difficult or time- consuming to replace.

Keep For Seven Years This category includes all supporting documents for your income tax return, plus a couple of other miscellaneous ones. This may seem like a long period of time, but it's not an arbitrary number ? seven years is how far back the IRS can go to audit a tax return.

After paying credit card or utility bills, shred them immediately. Also, shred sales receipts, unless the items purchased have warranties. Sales and cash withdrawal receipts from ATM's, junk mail credit card offers. Also, remove and shred pharmacy labels before throwing away the empty prescription bottles.

KEEP 3 TO 7 YEARS Knowing that, a good rule of thumb is to save any document that verifies information on your tax return?including Forms W-2 and 1099, bank and brokerage statements, tuition payments and charitable donation receipts?for three to seven years.

Old Bank Statements Even if they're old bank statements, they should be shredded. Your name, address, phone number and bank account information are in those statements, along with your habits, purchases and banking history.

KEEP 3 TO 7 YEARS Knowing that, a good rule of thumb is to save any document that verifies information on your tax return?including Forms W-2 and 1099, bank and brokerage statements, tuition payments and charitable donation receipts?for three to seven years.

KEEP 3 TO 7 YEARS Knowing that, a good rule of thumb is to save any document that verifies information on your tax return?including Forms W-2 and 1099, bank and brokerage statements, tuition payments and charitable donation receipts?for three to seven years.

Keep Copies For your most important documents, experts advise keeping multiple copies. That may mean keeping one copy in your cloud storage and another on a hard drive. It could also mean keeping one copy in your electronic filing and one hard copy in a fireproof safe.