Legal Document Cheat Sheet
What you need to Save. Where to Store? How Long to Save?
|What you need to Save||Where to Store?||How Long to Save?|
|Title Insurance Policy||Home File||Forever|
|Will and Trust||Attorney’s Off.||Forever|
|Receipts for Business||Home File||6 Years Entertainment|
|Current Life Insurance Policy||Safe Deposit Box||Forever|
|Medical Bills & Proof of Payments||Home File||3 Years|
|Divorce Decree||Home File||Forever|
|Financial & Health Powers of Attorney||Trusted Children||Forever|
|Birth Certificate||Home File||Forever|
|Income Tax Returns||Home File||6 Years|
|Marriage Certificate||Home File||Forever|
|Bank Statements||Home File||3 Years|
|Driver’s Liscense||Home File||Forever|
|Receipts for Permanent Home Improvement||Home File||Forever|
|Canceled Checks||Home File||3 Years|
Chapter 9, Senate No. 215: Taxation- Assessment and Collection of Taxes, 2000
NJ Sess. Law Serv. Ch.9, (Senate 215).N.J.S.A. 54:4-8.11 and 54:8-17 became effective on March 30, 2000, and act to increase the veterans’ property tax deduction from $50.00 to $100.00 in tax year 2000, $150.00 in tax year 2001, $200.00 in tax year 2002 and $250.00 in each subsequent tax year and amends P.L. 1963, c. 171.
Tax Deductions Made Easy
Donate used clothing to tax exempt organizations and request a written receipt. This receipt will enable you to document and deduct large amounts of non-cash contributions. Donations are not limited to clothing. They can be furniture as well as household items, automobiles, etc. You can donate to any exempt charitable organization, three are listed below. Family Resource Associates, Inc. & The American Cancer Society will pick up your donations, but many other organization do not offer that service (The Read Foundation). Recently a 13 year-old from Oceanport, NJ donated her hair to make wigs for sick children without hair. Unfortunately, the IRS considers hair a body part, and therefore, not tax deductible .
Contact for more information:
American Cancer Society
Donate your used Car, Truck, or Van to help fight cancer. It Supports Patient and Family Services & Research. Also, they provide FREE pickup of your automobile.
Family Resource Associates, Inc.
Charitable Organization which contributes to education, therapy, evaluation, recreation, family support programs, workshops, materials for local libraries, and many other programs as well.
The Read Foundation
Charitable Organization committed to fight young drug abuse.