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!