Record Retention Guidelines How long should I keep records? According to IRS recommendations, the length of time you should keep a document depends on the action, expense, or event the document records.  Generally, you must keep your records that support an item of income or deductions on a tax return until the period of limitations for that return runs out. We have attached this quick reference with general guidelines for your convenience.  RECORDS_RETENTION_GUIDELINES.doc   Back to home page