How Long To Keep Medical Receipts

Posted on: March 19th, 2014 by Glenn

How long to keep medical receipts is equal to how long IRS will go back when you are audited.  Hold on to your medical receipts for 7 to 10 years.  This is the period where the IRS will go back in case you are audited.  Medical receipts are the proof of payment for the deductions you made under the medical expenses.  In the case of dispute, you are obligated to provide these medical receipts as proof.

 

What kind of medical receipts you have to maintain


Medical bills, cancelled checks, unreimbursed medical expense (if you made the deduction on your return) and credit card statements.  It’s just not medical receipts; it also includes bills related to dental, eye, hearing aids.  Also hold on to your pharmacy bills, any over-the-counter medications or out-of-pocket expenses.

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