How long are you required to keep tax documentation?

Name: How long are you required to keep tax documentation?
Brand: Quizplus
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Quizplus · Accepted Answer

Tax documentation should be kept for a minimum of 3 years. This includes records such as W-2s, 1099s, receipts, and bank statements. However, some experts recommend keeping tax documentation for up to 7 years in case of an IRS audit or if you need to file an amended return. Keeping tax documentation for longer than 7 years is generally unnecessary.

How Long Are You Required to Keep Tax Documentation