how long to keep bank account statements for
November 15, 2009. 1  Some people toss all of their bank statements into a drawer; others place them into an expanding file that never gets cleaned out. 2  Keep your bank statements for at least one year. 3  Keep copies of your bills for one year.  Keep all pay stubs for one 1  year. Tax records should be kept for seven years. The IRS has up to three years to audit you for errors, just as you have three years to file an amended return. Should the IRS suspect you under-reported your income by 25% or more, they have six years to audit.