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How long do I really need to keep my tax returns?

Asked by tinyfaery (44085points) September 29th, 2008

I do not own a house. I do not, nor have I ever, itemized my tax returns. I’ve never made a lot of money. I do have a retirement account, but it doesn’t have a lot in it. Really, what are my chances of being audited? And how long should I hold on to all this paperwork?

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