Q. How long should I keep old tax paperwork?
A. The Internal Revenue Service suggests keeping tax records for at least three years after the filing date. That’s the time period the IRS typically has to examine filed paperwork or perform an audit on taxpayers, and also the time allowed for you to file an amended return should you discover errors on a past return.
If you own a business, it’s advisable to keep supporting documents for tax returns for six years. Keep the actual tax returns indefinitely because you’ll need them if you apply for new loans or disability insurance.
Updated April 2011
The Cheap Life
Discounts & Benefits
From companies that meet the high standards of service and quality set by AARP.
Exclusive annuities for members from AARP Lifetime Income Program from New York Life.
Members can get cash back rewards on purchases with the AARP® Credit Card from Chase.
AARP® Auto Insurance Program from The Hartford offers members no-cost quotes.
Join or renew today! AARP members receive exclusive member benefits & affect social change.
Rewards for Good
Your Points Balance:
Earn points for completing free online activities designed to enrich your life.
Featured ways to earn points:
Redeem your points to save on merchandise, travel, and more.