How long should you keep individual tax returns?

One question we get asked a lot: How long to keep individual tax returns? You should keep your returns at least three years. As a general rule, that’s how long the Service has to question items on your return and to bill you for any additional tax. It’s also the time frame for you to file an amended return and seek a refund. IRS can go back up to six years if over 25% of income is omitted. If fraud is proved, there is no limit. State tax returns may have to be retained longer.

Please see our Record Retention Guide on our website at under the Tools section.

The Kiplinger Tax Letter
June 29, 2018