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Can anyone here verify the accuracy of this ?
Old 12-01-2006, 04:11 PM   #1
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Can anyone here verify the accuracy of this ?

This seems kinda suspicious, especially as we approach tax time, but I've never heard of this tax credit. Anyone up on 2006 Tax issues?

http://www.snopes.com/business/taxes/excise.asp

Quote:
If you file your return as a single person with just you as a
dependent, you get to claim a $30 credit on line 71 of your 1040.

If you file with a child or a parent as your dependent, you claim
$40.

If you file your return as a married couple with no children, you
claim $40.

If you file as married with children, you claim $50 if one child,
$60 if two children.

In all cases, the most you get to claim is $60 - UNLESS you have
all your phone bills starting AFTER Feb 28, 2003 through July 31, 2006
(do not use any bills starting Aug 1, 2006.), then you can add up the
ACTUAL TAX AS IT APPEARS ON YOUR BILLS AND CLAIM THAT FOR A CREDIT.
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Re: Can anyone here verify the accuracy of this ?
Old 12-01-2006, 04:26 PM   #2
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Re: Can anyone here verify the accuracy of this ?

Pretty sure this is true. Everyone should be getting $30-60 back depending on your filing status and # dependents. Some kind of tax settlement for long distance telephone service taxes.
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Re: Can anyone here verify the accuracy of this ?
Old 12-01-2006, 05:19 PM   #3
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Re: Can anyone here verify the accuracy of this ?

I know it's true.
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Re: Can anyone here verify the accuracy of this ?
Old 12-01-2006, 05:41 PM   #4
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Re: Can anyone here verify the accuracy of this ?

I know it is true too.

Here is the IRS link: http://www.irs.gov/newsroom/article/...161506,00.html
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Re: Can anyone here verify the accuracy of this ?
Old 12-01-2006, 06:32 PM   #5
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Re: Can anyone here verify the accuracy of this ?

I have the phone bills all bundled up but not worth the paper cuts to tally up those pennies! For this one I will take the IRS standard!
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