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Old 04-12-2007, 10:09 PM
clifto
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Default Re: Federal Excise Tax Refund on Phone Bill - which lines?????

Cubit wrote:
> The IRS has a standard claim of $30, which means you can avoid all the extra
> paperwork.


Back when sales taxes were deductible, we started keeping and tallying
receipts and were able to document (and thus deduct) about eight times
what the government allowed as a standard claim, every year. If the
gov't allows $30 for the excise taxes, I wouldn't doubt that 25% of
people could deduct $200 or more with proper documentation.

--
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