How long should you keep credit card statements

‘How long should you keep pay stubs?’ Whether you’re an employer or an employee, the chances are you asked yourself this question at some point while doing paperwork.

The rules for storing paper and electronic pay stubs differ from company to company.

It is important to be aware of these guidelines to avoid losing any crucial financial or tax information.

In this article, you will find out how to properly keep pay stubs as an employer and as an employee. You will also learn how to tell when it is appropriate to discard pay stubs and how to do it securely.

Key Takeaways

• Pay stubs contain employee and employer contact information, employee’s gross and net earnings, taxes withheld, benefits, deductions, and employer contributions.
• Some key uses of pay stubs include providing evidence of the work hours rendered by an employee, providing proof of income, and managing taxes.
• Employers must keep pay stubs for at least three years, while employees can keep their pay stubs for at least one year or until they have filed the
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