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Q: How long does one keep utility bills for tax purposes?
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How long should you keep utility bills?

You should keep utility and credit card bills for 60-90 days because that is the maximum lenght of time to report any disputes. For credit cards, keep at least a year if you purchased any deductions.


How long should you keep your utility bills?

As soon as it clears from the bank,than it can be tossed,the bank as it on file.


How long do you need to keep old utility bills?

Until they are paid. There isn't really much reason to keep them, unless there are some items that can be deducted from your income taxes. For example, a couple of years ago, the IRS finally gave up a long series of court battles and allowed citizens to deduct an illegal telephone excise tax. The catch was, you had to have copies of your phone bills to calculate the refund. If you had the old bills (for three years back) you could take the deduction. So in SOME RARE cases, it MAY be USEFUL to keep three years of old utility bills. But there is no requirement to do so.


How long should you keep your utlilty bills?

Keep a rolling 12 months of all your bills.


How long to keep Medical bills?

If you use your medical bills to claim a tax deduction, keep them for a minimum of three years afterwards. But if not, you can shred them immediately.


How long should you keep paid bills?

http://www.bankrate.com/brm/news/mtg/20000518h.asp


How long you have to keep tax invoice for tax purposes?

For 7 years in some countries and up to 10 in others.


How long should you continue to pay half the bills with a man you love who will not marry you?

It shouldn't matter about marriage or not - if your together and both contributing that's the way relationships are - keep paying your bills.


How long to keep cell phone bills?

I would say for the length of the contract. That way of you ever fond your being over charged you can go through the bills to know what to ask back.


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 do need to keep your deceased self employed husbands accounts?

At least 7 years for Income Tax purposes.


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.