Past paid records of bills and old paycheck stubs, and bank statements, filed tax forms, etc, etc, etc. |
I keep tax returns for 5 years.
Paystubs you can toss once you get the W2 from your employer, but keep your last 3, see last paragraph.
Bank statements you can toss once you get the 1040-INT form from your bank if you had an interest bearing account on them and claimed as income on a tax return. Then they become part of the tax return kept for 5 years
Any check, receipt, etc that was used to calculate an expense beccomes part of my 5 year tax return stash.
Current bank statements I keep for 3 months, once I get the latest one I toss the 3 month old one. I do this because if you ever have to apply for a mortgage for example, they want 3 months worth of bank statements, paystubs