• Home
  • Personal Finance
  • Investing
  • Business
  • Career
  • Consumer
  • Debt
  • Lifestyle
  • Retirement
  • Taxes

Personal Finance News

Latest News About Personal Finance

  • Blogger Net Worths
  • Top Personal Finance Blogs
  • Blogroll

What Financial Documents to Keep and to Throw Away

April 16, 2016 Leave a Comment

Certain financial documents you can hold on to, “but you can let go of a lot of documents. And doing so will free you of all that paper and, perhaps, worry,” said Michelle Singletary at The Washington Post. Once you get your W-2 you can throw away the paycheck stubs, except the final stub that has a year’s worth of information. For prescriptions you can keep “for at least a year in case there is a dispute about payment.” You can shred the monthly bank statements as banks provide end-of-year information annually. You can also toss out utility bills unless you need them for tax deductions. For tax returns, keep the past seven years in case there’s an audit from IRS. “Finally, if you are unsure of what to keep, scan it.” (washingtonpost.com)

Related

Leave a Comment Cancel reply

Must Read

  • What's the Recommended Temperature for Vacant Home in Winter?
  • How to Cash Out Pension Plan Early
  • How to Refinance a Paid Off Car
  • The Best Investment Advice You’ll Never Get
  • Amazon Cash: Now You Can Pay With Cash on Amazon
  • Americans Have Never Been In So Much Debt
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Guide On How To Do A Backdoor Roth IRA
  • 61% Now Living Paycheck to Paycheck
  • What To Do If You Did An Unplanned Backdoor Roth

Recent Posts

  • 61% Now Living Paycheck to Paycheck
  • 36% Earning $100,000 or More Living Paycheck to Paycheck
  • Two-Thirds of Americans Live Paycheck to Paycheck
  • The Hit to Your Pocketbook From Higher Gasoline Prices: $2,000 a Year
  • Uber Now Lets You See How Many One-Star Ratings You Received From Drivers
  • Survey: 7 In 10 Americans Living Paycheck To Paycheck
  • Fed May Issue Digital Currency
  • Best Pen for Your Money

Connect With Us

  • Facebook
  • Twitter
Home · About · Terms · Privacy · Contact · Copyright © 2022 · Personal Finance News