article thumbnail

How Long Should You Keep Financial Documents

Family Balance Sheet

Are your financial documents piled up in the corner of your office or under your desk? So much is done electronically now, but there are documents where a paper copy is needed. ALSO , if you are self-employed, you should keep your returns and supporting documents for six years. So, I googled my question and here is what I found.

article thumbnail

3 Simple Office Supplies for Smooth Tax Prep

Family Balance Sheet

For our personal tax returns, I keep an ongoing "Taxes" file for any paper work that we need to support our tax deductions, such charity receipts, Goodwill donations receipts, real estate and school tax statements, year-end statements for mortgage interest, student loan interest, interest-bearing checking and savings accounts.