Tuesday 3 May 2016

When and when not to shred

Posted by at 8:00 AM

When and when not to shred

Do you ever wonder what papers to keep and what to shred? Here is a helpful summary of recommendations from the Federal Trade Commissionon how long you should keep certain documents.

Shred immediately: 

  • sales receipts
  • ATM receipts
  • paid credit card statements
  • paid utility bills
  • credit offers
  • cancelled checks (not tax-related)
  • expired warranties

Up to one year: 

  • pay stubs
  • bank statements
  • paid, undisputed medical bills

After seven years: 

  • tax-related receipts
  • tax-related cancelled checks
  • W-2s
  • records for tax deducations taken

It depends: 

  • Auto titles (keep as long as you own the vehicle)
  • Home deeds (keep as long as you own the property)
  • Disputed medical bills (keep until the issue is resolved)
  • Home improvement receipts (keep until you sell your home and pay any capital gains taxes)

Keep forever: 

  • birth certificates
  • social security cards
  • marriage or divorce decrees
  • citizenship papers
  • adoption papers
  • death certificates
  • tax returns

Call LB Medwaste Services at 888-526-3392 for more information on our cost-effective document shredding services and confidential document storage.