People now get one to two hours less sleep each night, on average, compared to 60 years ago. A primary reason for this is the proliferation of electronics, which also allows us to work (and play) later than ever before.
The Internal Revenue Service requires that individuals be able to produce records proving any income, deductions or credit claimed for at least three years from the date of a return, the statute of limitations for how long the I.R.S. has to assess additional tax if all income was reported correctly.
But you can usually toss the supporting documents, such as canceled checks and old receipts, three years after you filed your taxes. That's usually how long the IRS has to audit your return, unless you've left out a big chunk of income. If you have any self-employed income, keep the receipts for at least six years.Keep receipts for major home improvements until you sell the house.ut you can usually toss the supporting documents, such as canceled checks and old receipts, three years after you filed your taxes. That's usually how long the IRS has to audit your return, unless you've left out a big chunk of income. If you have any self-employed income, keep the receipts for at least six years.