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TIPS: Check your ATM, debit, and credit card receipts against your monthly statements and then shred unless you need them for tax write-offs. Save any tax deductible receipts and W-2 forms for seven years. Save your IRS annual returns forever. Shred your pay stubs after you receive your yearly W-2. Shred paid bills after receiving the next month's bill, but save any bills related to tax deductions for seven years. Finally, save records from vehicle or real estate purchases for seven years after it's sold.
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