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How long to hold on to old tax stuff?

JaysonFourJaysonFour Classy Monster KittehRegistered User regular
We're doing some basement cleaning, and we stumbled across some old tax documents going back about fifteen or twenty years. Being that they contain lots of personal information and the like, about how many years should we be keeping our old tax forms before disposing of them? I have a very good crosscut shredder that will make sure they can't be reassembled, but the more space we can clear, the better.

Is it a hard and fast rule, or is it recommended we hold on to every return and document we get for it?

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