Sure monetary paperwork you may maintain on to, “however you may let go of loads of paperwork. And doing so will free you of all that paper and, maybe, fear,” stated Michelle Singletary at The Washington Publish. When you get your W-2 you may throw away the paycheck stubs, besides the ultimate stub that has a 12 months’s price of data. For prescriptions you may hold “for at the very least a 12 months in case there’s a dispute about fee.” You may shred the month-to-month financial institution statements as banks present end-of-year info yearly. It’s also possible to toss out utility payments until you want them for tax deductions. For tax returns, hold the previous seven years in case there’s an audit from IRS. “Lastly, in case you are not sure of what to maintain, scan it.” (washingtonpost.com)