More people than ever are investing. When stocks, real estate and other types of investments are sold for a profit — meaning they earned the owner income because they sold at a price higher than that at which they were bought — this unique. You might be surprised how long you should hang onto your federal and state tax returns, as well as supporting documents—especially if you’ve ever missed filing. Maskot / Getty Images Hanging onto old tax records can save you time and energ. Taxes may not be the most exciting financial topic, but they’re definitely important. In the United States, federal and state governments need money to provide certain services and benefits that we wouldn’t otherwise have access to, from So.
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