How many years are you supposed to keep utility bill statements?

Answer by  patti (29325)

If you write off a portion (or all) the utility expenses for tax purposes (a dedicated home office, for example), keep the utility statements with your tax filing for seven years. Otherwise, you can hang on to them three months or so. Mark each for the date and method of payment. You have bank records as back-up.

Answer by  timeismoney (994)

The main reason to keep utility bill statements is to show a prospective home buyer what the utility costs are. One to two years should be sufficient for this purpose.

Answer by  Roland27 (16334)

Utility bills are not something you really even need to keep at all. However sometimes people do need them so if you choose to you can keep them. Keep them for a year and then toss them out if they were not needed during this time. Most of the time when they're needed they ask for your last one.

Answer by  tamarawilhite (17883)

It is best to keep utility bill statements for two years, in case of billing disputes. If billing statements are proof of your credit and payment history, keep them three.