Take these tips and safely dispose of sensitive papers now that your taxes are done
By Perri Kersh
With Tax Day now behind us, it’s a perfect opportunity to rid your home of extra paper and documents that you no longer need. Let’s be honest, there is very little paper that “sparks joy” … use tax season as a reminder to clear out the file cabinet and let go of the mess and excess.
Be sure to dispose of paper safely and shred documents with personal information included. While I’m not an accountant, nor do I play one on TV, there are some documents you can shred without worry (once reconciled):
- Monthly statements from banks or credit cards
- ATM receipts
- Bank deposit and withdrawal slips
- Canceled checks
- Utility bills
- Other personal bills
- Non-tax documents that include your social security number, bank account number or other personally identifying information
- EOBs from your health insurance company
- Supportive tax documents that are more than 7 years old (keep your returns)
If it’s going to be a challenge to replace (for example, it may require a visit to the local Social Security Office), consider keeping it or digitizing it. If it’s a document you can easily download as a PDF from an online account, it’s OK to let it go.
Luckily, in our area there tend to be a number of upcoming free shred events that will allow you to shred a limited amount of paper. The NC DOJ maintains a list of additional events throughout the state.
Many financial advisors offer to shred paper for their clients, so it never hurts to ask. Throughout the year, both Staples & Office Depot will shred your documents for $1/pound (remember to check for coupons)! There are local shredding companies that will come to your home and shred on site if you have a large amount of paper that’s too hard to transport. My go-to company locally is ProShred.
Finally, if you need help creating lasting organizational systems for your paper, the Neat Freak has you covered. Contact us to learn more about how we can help you get and stay organized, from A-Z!