How long should one keep one's tax records ? I'm planning to move and I would dearly love to shred anything older than 7 years ago. I believe 3-4 years suffices for IRS audit purposes, and I'm going to add a few years on top of that. For my 8 years or older records (including some from when I was in college), there are no IRA transactions, no house improvements (I didn't own a home), no stock purchases that I haven't sold at least 6 years ago. Is there any purpose (other than sheer anal retentiveness) to keep these records ? Do States have a longer audit range than the Feds ?
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