How Long Should I Keep My Tax Records?

Personal Finance
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December 2016
91% of people found this answer helpful

Hello,

Keep your tax records for a minimum of 3 years. After that, it depends on your situation as to the length of time.  If you wrote off a bad debt, better keep them for 7 years. If you have a small business, 7 years may serve you best. Be sure to keep not only a copy of the return, but all the supporting documents.

Kimberly J Howard, CFP

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