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US tax credit
hey, neighbours!
to all my US neighbours, I came across this on a list I get: Have you filed your taxes yet? The IRS was told to stop collecting the federal excise tax on your phone bill last year and you can apply for a credit on the money you have already paid. It’s on line 71 of your form 1040. Be sure to take this credit - keep more of your income for quilt fabric:-)) There is more information at http://www.snopes.com/business/taxes/excise.asp Obviously, this applies only to our American readers. HTH Cathy in BC |
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