2006-08-10 08:12:43 · 7 answers · asked by chris w 2 in Business & Finance ➔ Personal Finance
You should allways keep at least 2 year's pay stubs and at most 4.
The reason for this is that if you attempt to apply for a mortgage, or car loan in excess of $50,000, they will want to make sure you have continuously been in work for at least 2 years.
2 years is the typical check period for financeers.
As a Mortgage Broker, I tend to ask people for 2 years pay stubs when I need to show the bank as much info about their income as possible.
Of course, you should also be sure to keep at least the last 4 years of your W-2 statements and Income Tax records.
I can't tell you how important W2's and Tax return records are when you are working with finances.
2006-08-10 08:17:46 · answer #1 · answered by Anonymous · 1⤊ 0⤋
My mom does loans, and always tells me to keep paystubs for two years.
2006-08-10 15:19:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Oh, the standard rule of thumb is about three years, but there is really no need for paystubs. Your employer will have copies if you really ever need them.
2006-08-10 15:16:17 · answer #3 · answered by dm_dragons 5 · 0⤊ 0⤋
Until you get your end-of-year W2. If you want, you can also just keep your last pay stub of the year, since that contains all your year-to-date information.
2006-08-10 15:18:18 · answer #4 · answered by Nefertiti 5 · 0⤊ 0⤋
Best to keep them until you get the T4 from Income tax. I know this only from experience
2006-08-10 15:19:17 · answer #5 · answered by southbelldixie 3 · 0⤊ 0⤋
I like to keep mine 3 years past, for my records.
2006-08-10 15:18:24 · answer #6 · answered by Josh 4 · 0⤊ 0⤋
7 years is IRS stance
2006-08-10 15:18:53 · answer #7 · answered by dt 5 · 0⤊ 0⤋