OK, here are the contents of the clipping I took from a credit union newsletter in 2004. Don't snicker at the ones that don't currently apply to you! What to Keep and for How Long Credit and debit card receipts : Keep receipts until your monthly statement arrives, and toss them if everything matches. Exception: Keep receipts to cover a warranty or return period. Paycheck stubs: Match the information on your stubs to your W-2 tax statement. If they agree, toss all but your last stub; save this one to verify that carried-over benefits appear on your first stub in the new year. Retirement plan statements: Keep quarterly statements to check against your annual summary. If everything is correct, discard the quarterly statements. Check carbons and statements: Annually go through check carbons and statements and toss all but the ones related to taxes, business expenses and housing payments. Tax records: Save statements or records that contain tax-related information for seven years. If you file a fraudulent return or didn't file one at all, the IRS can catch you at any time. Household records: Save purchase price information and the cost of improvements to your property. Also keep records of legal fees and your real estate agent's commission for six years after you sell your home. Keeping these records could help lower capital gains tax when you sell. Receipts: Keep receipts for major purchases indefinitely to prove their value if lost or damaged. IRA contributions: Keep nondeductible contribution records in case you need to prove you paid tax on the money when you withdraw it. The chart that accompanied the text above showed the following: Card receipts (credit / debit) : 45 days Pay stubs, statements : 1 year Household records: 6 years Tax records: 7 years Major receipts, IRA contributions: permanently