How long should receipts be kept? (Pastors)
W-2s should be kept forever, and all other receipts, statements, bills, check stubs, etc. should be kept for 3 years. Any receipts relating to capital expenditures or improvements (home improvements) should be kept for 3 years after the sale of a home. Any receipts or documents relating to investments or investment properties should be kept for 3 years after selling or disposing of the investment.