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  1. #1
    Member spinningreel's Avatar
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    Pay stubs - How long to keep?

    Im 37, have kept every pay stub I ever got, do I need to do this?

    Also Keep all of my Social Security statements

    + all my yearly tax returns, these can get bulky to keep also.

    Am I over doing this, it would be nice to clean out some clutter.

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  3. Member Especial Bryanmc57's Avatar
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    #2
    7 years back tax returns and supporting documents is all I keep... Social Security statements are just informational, you can throw them all out (after you shred them of course).

  4. Member TOXIC's Avatar
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    #3
    You won't be getting anymore SS Statements, they went paperless. You have to sign up on-line for them. My pay is direct deposit so no need to keep the statements after the account is balanced.

    TOXIC

  5. Dun Dun Duuuuuun R.D.'s Avatar
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    #4
    Pay stubs themselves..........1 year. After you get your W-2 & file taxes, it does not matter after that.

    I have all tax returns from 2001 when we bought the house I should probably purge some of it but haven't yet. I think it's like 5 years or something like that is what they "recommend" on holding info.....but I don't think you have to keep pay stubs at all, it's a matter of choice.

  6. Member
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    #5
    Tax papers either 3 or 5 years. For ever if they are looking for fraud.

  7. Member cowtrimmer's Avatar
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    #6
    I keep tax records filed for 15 years. I dont get pay-stubs just various 1099's,and those are part of my tax records.

  8. Member MikeFloyd's Avatar
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    #7
    You should keep tax records for 7 years not counting the current year. As for pay stubs I wouldn't keep them over one year unless you're planning on suing your employer over pay.
    There is no spoon.

  9. Member
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    #8
    Keep pay stubs until you balance them to your W-2. Once you get the W-2 the pay stubs can be discarded.

    Never discard your tax returns.



    Men and fish are alike. They both get into trouble when they open their mouths. ~Author Unknown

  10. Dun Dun Duuuuuun R.D.'s Avatar
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    #9
    Quote Originally Posted by MikeFloyd View Post
    unless you're planning on suing your employer over pay.

    Or unless your work is UAW and they suggest you hold on to your stubs in order to keep track of back pay from Negotiated contracts. Being dad was RR he did that to make sure he got what he told he was getting in back pay from contracts. After that he's destroy them but was keeping another 4-5 years worth for the next contract. Seems it had been that way ever since 94' with the BN & Santa-Fe Merger.