How Long Should Records Be Kept?
The length of time you should keep a document depends on the action, expense, or event that the document records. Generally, you must keep records that support an item of income or deductions on a tax return until the period of limitations for that return runs out. The period of limitations is the period of time in which you can amend your tax return to claim a credit or refund, or that the IRS can assess additional taxes. Unless stated otherwise, the number of years refers