You need to keep each year’s income tax return in a safe place, along with its supporting documents. The last thing you need is to panic because you have misplaced your return. If you are applying for financial aid or a home loan, you will need a copy of your tax return. The best course of action is to select one place in the home that is specifically for tax return record storage. Whenever you need your records, they will be in an easy-to-find location so stress is minimized.