For 60-90 days.
You owe additional tax and situations (2), (3), and (4), below, do not apply to you; keep records for 3 years. 2. You do not report income that you should report, and it is more than 25% of the gross income shown on your return; keep records for 6 years. 3. You file a fraudulent income tax return; keep records indefinitely. 4. You do not file a return; keep records indefinitely. 5. You file a claim for credit or refund* after you file your return; keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later. 6. Your claim is due to a bad debt deduction; keep records for 7 years. 7. 1 If you paid with a debit or credit card, keep those receipts in an envelope or on a receipt stand (basically, a nail on a base) until you've checked to make sure your bank or credit card statement is accurate. One month. Keep until you get the next statement showing that you paid, unless you need it for tax purposes. Receipts. One month, for purchases such as groceries and restaurant meals, until you match them with your credit card or bank statement. For expensive purchases (jewelry, furniture, appliances), staple the receipt to the owner's manual and keep it as long as you own the item 1 You will also need to keep monthly banking and credit card statements. 2  How long to keep records: Keep the records for at least three months. 3  Review that all the purchases are correctly entered in your bank and credit card statements. 1 How long to keep records: Keep the records for at least three months. 2  Review that all the purchases are correctly entered in your bank and credit card statements. 3  Review your monthly bills. 4  If there is a discrepancy, then keep the document until you resolve the problem You should keep utility and credit card bills for 60-90 days because that is the maximum lenght of time to report any disputes.  For credit cards, keep at least a year if yo … u purchased any deductions. 12 people found this useful.  Bankrate recommends keeping copies of credit card bills for 45 days to 7 years. This will help to account for any major expenses as well as any claimed tax deductions for any period of time in which the IRS could audit. With the implementation of electronic statements used by most credit card companies, consumers can call up any credit card bill at any point in time, should they need to review it. This could negate the need to keep paper copies of bills in the future. 1 Balance transfer fees A 3% charge is not uncommon for transferring the balance on your old credit card to a new one, usually to get a lower interest rate. 2  For every $1,000, it would cost you $30. 3  Transfer $10,000 and you could pay $300. 4  Look for a cap.  Credit card receipts and statements. Length of time to keep, and why: From 45 days to seven years. 1  Keep your original receipts until you get your monthly statement; shred the receipts if the two match up. 2  Keep the statements for seven years if tax-related expenses are documented.  Once you've purged, separate must-keep papers into three categories: those you need to keep for one calendar year, those you need to keep for a longer period and hard-to-replace documents like birth and marriage certificates. (See chart: What records to keep, how long to keep them .) Then decide on a home for each. One month. Keep until you get the next statement showing that you paid, unless you need it for tax purposes. Receipts. One month, for purchases such as groceries and restaurant meals, until you match them with your credit card or bank statement. For expensive purchases (jewelry, furniture, appliances), staple the receipt to the owner's manual and keep it as long as you own the item
https://answers.yahoo.com/question/index?qid=20070709130249AAfnyY5 http://www.creditcards.com/credit-card-news/what-records-keep-how-long-1267.php http://www.bills.com/keeping-records-personal-finance/ http://www.answers.com/Q/How_long_should_you_keep_old_credit_card_bill_statements http://www.ehow.com/decision_7232463_long-old-credit-card-bills_.html http://www.mycreditunion.gov/what-credit-unions-can-do/Pages/paying-off-Credit-Cards.aspx http://www.bankrate.com/finance/personal-finance/how-long-to-keep-financial-records.aspx http://www.creditcards.com/credit-card-news/what-records-keep-how-long-1267.php
how long should I keep credit card bills?