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How Long Should You Keep Financial Documents

Family Balance Sheet

However, you should print any canceled checks or year-end statements that you would need for tax purposes, ie - charitable contributions, home improvements, business expenses, mortgage payments, etc. This final number will help to lower your capital gains tax. If the information matches, you can shred your pay stubs.

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Give Now, Save Later: How Charitable Giving Affects Taxes

Saving Cents With Sense

The end of the year brings festive feelings and a need to donate, considering it’s the holidays. The urge to contribute to charitable causes comes with the need to give before the end of the year to qualify for tax deductions. Find Out Which Nonprofits are Qualified for Tax Purposes. Adjusting Your Taxes.

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