| | I'm Back!!!! And the tax man is calling! The deadline is 2 weeks from today. I, of course, filed electronically back in February and have received my refund and put it into savings. But I promised some tax info and here it is. DON'T FORGET TO CLAIM THE TELEPHONE EXCISE TAX CREDIT!!!!!!!!! If you had a telephone or cell phone during the past 6 years, you paid a tax on those bills for long distance service that was recinded (the tax was stopped) six years ago. The government is offering a one time tax rebate based on the number of exemptions that you claim. For example, my wife and I claim 2 exemptions so we got $40 of our taxes written off. You can take the set amount or if you are ambitious, you can pull up all of the past three years of phone bills, add up the amount of the excise tax paid only, and deduct that amount instead. However, for ease of math and to avoid a possible audit I would use the flat rate. If you already filed and didn't take the tax credit, you can still receive it by downloading Form 1040EZ-T.
That's it for today.
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| | Posted 4/2/2007 10:51 AM - 22 views - 3 comments
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