How long is it necessary to keep copies of utilities bills?

Answer 1

If you are deducting any part of your utility bills as a home based business expense on your federal tax return, I suggest you keep the bills seven years.

As a matter of habit, I keep all personal bill statements and receipts for three years. It is not necessary to keep them that long, so the choice is yours.

Good luck with your finances.

Answer 2

In a file, I have the original contract when utility account first opened. I save one or two monthly statments each year, going back only 3 yrs.
Each month I save that month's statement until the next month's statement is received. Our utility company tracks usage for a full year on our statement. Otherwise, I don't think utility statements really have much financial value.
Keeping a monthly statement won't help establish good credit history.

Answer 3

I keep most of my basic bills for 3 months. If I have any questions or concerns about a bill, I will keep them until it is resolved. I also check each statement to be sure that everyting I expect has been credited.

Also, if you are making any automatic payments via credit card, I will keep those bills until payment in full has been acknowledged

investment statements I keep for a year.

of course, medical and tax info I keep indefinatly (or at least 7years)

Answer 4

Many reasons to maintain stable information, fantastically of delicate monetary areas like application charges: one million) in case you progression, your new landlord would desire to require data of charge to a application. 2) if there's a dispute, you have the bill in hand. 3) you have a checklist, so if the bill seems unreasonable, you are able to return and verify standard utilization and value. 4) interior the unfavorable adventure of "identification robbery" you are able to teach you're who you're. there are a number of different reasons, some too small to flow into right here...I consistently tips my consumers to maintain a minimum of three years of information. in case you gain this on line and the provider provider purely retains for a year, print off and shop.