question on the telephone credit for taxes this year

whitestick · 02-05-2007, 06:46 PM

There has been a lot of press about taking the credit for the retired excise tax on telephones as a credit on taxes for 2006, but I'm a bit confused as to the limits.
It seems to apply to both long distance carriers and local companys, and has some variability around # of exemptions. But, if you have multiple phones (land line, cell phones (2)) and multiple LD carriers (metro LD and LD), is the credit more then the frequently mentioned $60. I know that you can add up your actual bills for the last three years... but I really haven't kept that kind of detail.

d · 02-05-2007, 06:51 PM

i believe it's 30/single, 60/married ... and those are your only options unless you can dig-out the actual numbers

correction: it's based on the number of exemptions
1- $30
2- $40
3 -$50
4 or more - $60

whitestick · 02-05-2007, 10:59 PM

Thanks, thought it was too good to be true for the gummint to actually take into account more then a single line.

02-05-2007, 06:46 PM	#1
whitestick Recycles dryer sheets Join Date: Apr 2005 Posts: 364	question on the telephone credit for taxes this year There has been a lot of press about taking the credit for the retired excise tax on telephones as a credit on taxes for 2006, but I'm a bit confused as to the limits. It seems to apply to both long distance carriers and local companys, and has some variability around # of exemptions. But, if you have multiple phones (land line, cell phones (2)) and multiple LD carriers (metro LD and LD), is the credit more then the frequently mentioned $60. I know that you can add up your actual bills for the last three years... but I really haven't kept that kind of detail. __________________ Mens ability to see the future is limited by their horizons of today! Unknown!

02-05-2007, 06:51 PM	#2
d Thinks s/he gets paid by the post Join Date: Apr 2006 Posts: 1,453	Re: question on the telephone credit for taxes this year i believe it's 30/single, 60/married ... and those are your only options unless you can dig-out the actual numbers correction: it's based on the number of exemptions 1- $30 2- $40 3 -$50 4 or more - $60

02-05-2007, 10:59 PM	#3
whitestick Recycles dryer sheets Join Date: Apr 2005 Posts: 364	Re: question on the telephone credit for taxes this year Thanks, thought it was too good to be true for the gummint to actually take into account more then a single line. __________________ Mens ability to see the future is limited by their horizons of today! Unknown!

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