![]() Home Purchase/Sale/Improvements: Until six years after you sell.You can shred quarterly statements as soon as you match them with your yearly statement. IRA Contributions: Until you withdraw the money.Utility and phone bills: Shred them after you’ve paid them, unless they contain tax-deductible expenses. ![]() should be kept up to five years from the date the service was provided. Additional records such as statements, hospital bills, car repair bills, copies of prescriptions, etc. ![]() Insurance Records: Keep policy information for the life of the policy plus an additional five years.Hang on to information about prescription information, specific medical histories, health insurance information and contact information for your physician. Some experts suggest keeping other records for five years from the time treatment for the symptoms ended. Keep medical bills for at least a year in case of a dispute over a reimbursement. Medical Records: At least a year, but often longer.Shred the rest after you’ve confirmed payment. The rules here are similar to those for bank statements hang on to those you may need for your taxes or as proof of purchase. Credit Card Statements: At least 45 days.Many financial institutions now provide the option to receive your bank and credit statements online instead of by mail. But hold onto records related to your taxes, business expenses, home improvements, mortgage payments and major purchases for as long as you need them. Match them up to your W2 form, then shred. If you failed to file a return for any year, keep records indefinitely. The IRS has three years to audit your return if the agency suspects you made a mistake and up to six years if you likely underreported your gross income by 25 percent or more. Here are some guidelines to help you determine how long to keep records: When sorting through dusty file boxes or the pile of papers on your desk, it’s easy to become confused as to which records you need to keep and those you should shred. To protect your privacy, you should also consider shredding items that include: In short, destroy all sensitive information including junk mail and paperwork that includes: If your shredder can’t handle plastic, use scissors to cut up expired credit and identification cards before discarding them.įor larger jobs, consider hiring a commercial shredding company. Invest in a shredder for your home or office, preferably one that “cross cuts” (slices in two directions), and destroy all sensitive information including bank and credit card statements you no longer need, carbon-copy charge receipts with your account information, insurance forms, physician bills, etc. You are taking a terrible risk if you don’t shred sensitive material. “Dumpster diving,” or rifling through trash cans for personal information, is a tactic used by identity thieves. If you cannot attend one of our municipal or regional shredder events, certain retailers will accept documents for destruction for a nominal fee.How long should I keep sensitive documents? The BCUA's mobile shredding collection vehicle visits participating municipalities throughout the year for local shredding events. All of the events are open from 9:00 a.m. Residency of the local municipality is required for municipal shredding events The Mobile Paper Shredding Program consists of regional and municipal shredding days.īCUA Sponsored Municipal Shredding Events for 2023 In order to provide Bergen County residents the opportunity to participate in a document shredder program, the BCUA has implemented the Mobile Paper Shredding Program. Privacy experts often recommend that individuals shred files, tax documents, credit cards and bank statements, and other items which could be used to commit identity theft. Treatment Works Approval & Sewer Connections.Sewer Operations & Maintenance Programs.
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