# How Long Should You Keep Receipts? > Keep tax receipts 3 years in most cases — 6 years for large unreported income, 7 for bad-debt claims, 4 for employment taxes. The IRS rules, explained simply. **URL:** https://receiptmaker.org/how-long-to-keep-receipts/ **Canonical:** https://receiptmaker.org/how-long-to-keep-receipts/ For tax records, the short answer is **3 years** — the IRS says to keep records for 3 years from filing when no special situation applies. But the full answer depends on what the receipt supports: some situations stretch the window to 6 or 7 years, employment tax records need 4, and a few records should never be thrown out. Here's the complete retention schedule, straight from IRS guidance. ## The IRS retention schedule at a glance - **3 years** — the default period of limitations when none of the special rules below apply (IRS Pub 583) - **3 years from filing or 2 years from payment, whichever is later** — if you file a claim for credit or refund - **6 years** — if you failed to report income that exceeds 25% of the gross income shown on your return (IRS Topic 305) - **7 years** — if you claim a loss from worthless securities or a bad-debt deduction (IRS Pub 552, Table 3) - **4 years** — employment tax records, counted from when the tax became due or was paid, whichever is later - **Indefinitely** — if you never filed a return or filed a fraudulent one; the assessment window never closes ## Why 3 years is the baseline The period of limitations is the window in which you can amend a return to claim a refund and the IRS can assess additional tax. Per Topic 305, the standard assessment period runs 3 years from the date you filed. Your receipts, canceled checks, and other documents "support an item of income, a deduction, or a credit appearing on a return" — so they need to survive at least as long as that window stays open. ## When the window stretches to 6 years The IRS gets 6 years to assess tax when unreported income exceeds 25% of the gross income shown on the return — and Topic 305 adds a second trigger: more than $5,000 of unreported income attributable to foreign financial assets. If either could plausibly apply to you, keep the supporting receipts for 6 years. ## Receipts you should keep longer than taxes require - **Warranty receipts:** keep for the life of the warranty — retailers and manufacturers ask for proof of purchase date - **Big-ticket purchases:** receipts for appliances, electronics, and jewelry support insurance claims after theft or damage - **Home improvements:** these adjust your home's cost basis — keep until you sell the home, plus the tax retention period - **Vehicle records:** the cost of the car and improvements matter for the whole time you use it for business (IRS Pub 463) ## Thermal receipts fade — digitize before they blank out Most store receipts are thermal-printed and fade badly within a year or two, well inside the 3-year window. Photograph or scan receipts when you get them, and store the images with your tax records. If an original has already faded past reading, you can rebuild a clean copy for your personal records with our [free receipt maker](/generator/) — enter the merchant, items, and totals from your card statement, and export a fresh PDF. (For an official reprint, ask the retailer — see our [receipt lookup guides](/walmart-lost-receipt-lookup/).) ## A simple system that satisfies the rules - Snap or scan every deductible receipt the day you get it - File by tax year, not by store — retention clocks run per return - Keep a "hold longer" folder for warranty, insurance, and home-basis receipts - After you file, label the folder with its safe-to-shred date (filing date + 3, 6, or 7 years per the schedule above) *This guide summarizes IRS guidance for general information — it isn't tax advice. For your specific situation, consult a tax professional.* ## Frequently asked questions ### How long should I keep receipts for taxes? Keep records 3 years from filing in the standard case, per the IRS. Keep them 6 years if you under-reported income by more than 25% of gross income, 7 years for worthless-securities or bad-debt claims, and 4 years for employment tax records. If no return was filed, keep records indefinitely. ### Can I throw away receipts after 3 years? Usually yes for pure tax purposes — but keep warranty receipts for the warranty term, insurance-relevant receipts while you own the item, and home-improvement receipts until you sell the home plus the retention period, since they adjust your cost basis. ### Do I need paper receipts, or are scans OK? Scanned and photographed copies are widely accepted for substantiation as long as they're legible and show the required details (amount, date, payee). Digitizing matters because thermal receipts fade within a couple of years. ### How long should a small business keep receipts? Follow the same 3/6/7-year schedule for income tax records, and keep employment tax records at least 4 years after the tax became due or was paid — both per IRS Publication 583. ### What if I already lost a receipt I need? First try the retailer's official lookup (many can reprint from the card used — see our store-by-store lookup guides). Card and bank statements are strong secondary proof of payment. For your own files, you can also recreate a clean record with our free receipt generator. ### How long do receipts need to be kept for a refund claim? For a claim for credit or refund, the IRS says to keep records 3 years from the date you filed the original return or 2 years from the date you paid the tax, whichever is later. --- *Generated from https://receiptmaker.org/how-long-to-keep-receipts/ — citation policy: link required.* *Full reference: https://receiptmaker.org/llms-full.txt*