Today is tax day. If you haven't done your taxes yet, you have to file before midnight in order to avoid any extra charges.
Once you file, whether electronically or by mail, experts say it's important to keep copies of your returns *forever.*
They can help when you apply for a mortgage, disability insurance or any time you need to remember the value of your assets.
Also, it's recommended you save your canceled checks, receipts for home purchase costs, home improvements, and statements for credit-card and bank accounts, your home mortgage, stocks and mutual funds.
The IRS could audit you for up to three years, so it's recommended you keep those documents for at least that long.
If you owe money and you file late, you'll have to pay a fine.