LWCIR - Lost Workday Case Incidence Rate, All Acronyms, viewed August 11, 2016, <https://www.allacronyms.com/LWCIR/Lost_Workday_Case_Incidence_Rate>. All Acronyms. LWCIR - Lost Workday Case Incidence Rate. 11 August 2016. Web. 11 August 2016.
1 Tax records and receipts (keep for seven years) 2  Pay stubs and bank statements (keep for a year) 3  Home purchase, sale, or improvement documents (keep for at least six years after you sell)  Medical records and bills (keep at least a year after payment in case of disputes)
If the total amount you are claiming is $300 or less, you do not need to keep receipts, but you must be able to show how you worked out your claims. You need to keep written evidence of your work-related expenses for five years from the due date for lodging your tax return. If you lodge your tax return after the due date, the five years start from the date you lodged your tax return. For a depreciating asset, you must keep records for five years from the date of your last claim for decline in value (depreciation). Last modified: 05 Oct 2016QC 26103.