How long should you keep tax documentation from the date you file your return?

Question

Quizplus · Accepted Answer

According to the IRS, you should keep tax documentation for at least three years from the date you file your return (or the due date if you filed for an extension). This includes records such as W-2s, 1099s, receipts, and other documentation related to your income and deductions. Keeping records for longer than three years may be beneficial in certain situations, such as if you own a business or have complex investments. However, for most individuals, three years is sufficient.

How Long Should You Keep Tax Documentation from the Date