How long should you keep receipts and tax records?
Usually 3 years from the day you filed. Pick your situation to get the exact date. Source: irs.gov
Not filed yet: the result is shown from the due date.
Keep until
Apr 15, 2029
Safe to shred after
Apr 16, 2029
- Rule: 3 years from the date you filed.
- Not filed yet: counted from the due date. If you file late, the clock starts on your filing date.
Keep every receipt in one place
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Years to keep, by situation
- 3yearsNormal: I filed my return
- 3 or 2yearsI filed a claim for credit or refund after filing
- 7yearsI claimed a loss from worthless securities or a bad debt deduction
- 6yearsI left out income that is more than 25% of the gross income on my return
- No limitI did not file a return, or filed a fraudulent one
Employment tax records
At least 4 years after the tax is due or paid, whichever is later.
Property records
Until the period of limitations expires for the year you dispose of the property.
Car business-use records
Keep them for each year of the recovery period (Pub. 463).
What to keep for travel expenses
- LodgingAlways keep the receipt, whatever the amount.
- Other expenses under $75No receipt needed if you record amount, date, place and business purpose.
- A good receipt showsAmount, date, place and the essential character of the expense.
Source: IRS Publication 463, "Adequate evidence".
Receipt retention FAQ
How long should I keep receipts for taxes?
Generally 3 years from the date you filed your original return. The IRS lists longer periods: 3 years from filing or 2 years from the date you paid the tax (whichever is later) if you file a claim for credit or refund, 7 years for a worthless securities or bad debt deduction, and 6 years if you left out income that is more than 25% of the gross income on your return.
Do I need to keep receipts under $75?
For travel, gift and car expenses other than lodging, IRS Publication 463 says you do not need a receipt for expenses under $75. You still need to record the amount, date, place and business purpose. Lodging always needs a receipt.
What if I filed early?
A return filed before the due date is treated as filed on the due date, so the 3 years count from then (April 15 in most years, a weekday shift is possible). This calculator applies that rule.
How long to keep records if I never filed?
Indefinitely. The IRS says to keep records indefinitely if you do not file a return, and also if you file a fraudulent return.
Can I keep digital copies of receipts?
The IRS says you may choose any recordkeeping system suited to your business, including electronic accounting software or another electronic system. An electronic system must meet the same basic recordkeeping principles, and all requirements for paper books and records also apply to electronic records.
General IRS guidance, not tax advice; states may require longer. Related: travel expense report generator, mileage log generator, self-employed expense tax savings. Easy Trip Expenses is not affiliated with the IRS.