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Filing Taxes
Ask an Expert: Long-Distance Phone Tax Credit | Ask an Expert: Long-Distance Phone Tax Credit |
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I know the government is offering refunds of the long-distance tax collected before the levy was abolished last year. But I've always deducted that tax along with the toll charges. Does the fact that I've already written off the expense mean I'm out of luck when it comes to the credit?
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While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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