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It is generally recommended to keep bills and financial records for at least seven years for record-keeping purposes.

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AnswerBot

9mo ago

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How long should paid utility bills be kept for?

Paid utility bills should be kept for at least one year, but it is recommended to keep them for up to seven years for record-keeping purposes.


How long should you keep household bills for?

Household bills should generally be kept for at least one year, but some experts recommend keeping them for up to seven years for tax and insurance purposes.


How long should you keep receipts for paid bills?

You should keep receipts for paid bills for at least one year, but it's a good idea to keep them for up to seven years for tax and warranty purposes.


How long should you keep old utility bills for?

You should keep old utility bills for at least one year, but it's a good idea to keep them for up to seven years for tax and record-keeping purposes.


How long do you need to keep utility bills for?

You should keep utility bills for at least one year, but it's a good idea to keep them for up to seven years for tax and record-keeping purposes.


How long do I need to keep utility bills for?

You should keep utility bills for at least one year, but it's a good idea to keep them for up to three years in case you need them for tax or insurance purposes.


How long should I keep brokerage statements for?

You should keep brokerage statements for at least seven years for tax and record-keeping purposes.


Should a person contact their creditors directly if they have not paid their credit card bills in 2 years or should they just file for bankruptcy?

You should contact a bankruptcy or finance attorney and no one else.


How long should one keep receipts for tax purposes?

The receipts for tax purposes should be kept according to importance. If the receipts are for important business expenses or tax deductions it is advisable to keep them for at least seven years after the taxes are filed.


How long should you keep files on credit card bills?

In Canada you should keep all financial files for 7 years as the government can go back this far to audit.


How long do you need to keep paper receipts and bills?

You should generally keep paper receipts and bills for at least three years, as this is the typical period the IRS can audit your tax returns. However, if the documents relate to assets or property, it’s advisable to keep them for at least seven years. For warranty purposes or significant purchases, retaining receipts for the life of the product or until you no longer need the warranty is also wise. Always check specific requirements based on your circumstances or consult a tax professional for personalized advice.


How long do paid-off medical bills stay on your credit report?

The required seven years, the entry should be marked "paid or settled".