how long do i need to save receipts for taxes
In the meantime, you can start to get rid of many of your old tax records. It's a good idea to keep your tax returns forever. But you can usually toss the supporting documents, such as canceled checks and old receipts, three years after you filed your taxes. That's usually how long the IRS has to audit your return, unless you've left out a big chunk of income. If you have any self-employed income, keep the receipts for at least six years. Keep receipts for major home improvements until you sell the house.