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    Digg it UP - 2006 Tax Credits and Deductions You Should Know About

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    nce tax. Don’t remember paying it? Well, this is because your phone service was doing it as part of your bill. Much to the embarrassment of the IR
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    As April 15th draws every closer, it is time to start thinking about how you are going to reduce your tax bill. Here are a couple of ways most people miss out.

    Every year, the IRS tries to alert people to new deductions and credits available to taxpayers. Some might argue the IRS doesn’t make much of an effort, but that is beside the point. In truth, it sends out news releases and so on. Here are some of the areas where you can save on your 2006 taxes that you might not know about.

    Telephone Excise Tax Refund – For the last 108 years, the IRS has collected a long distance tax. Don’t remember paying it? Well, this is because your phone service was doing it as part of your bill. Much to the embarrassment of the IRS

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    Every year, the IRS tries to alert people to new deductions and credits available to taxpayers. Some might argue the IRS doesn’t make much of an effort, but that is beside the point. In truth, it sends out news releases and so on. Here are some of the areas where you can save on your 2006 taxes that you might not know about.

    Telephone Excise Tax Refund – For the last 108 years, the IRS has collected a long distance tax. Don’t remember paying it? Well, this is because your phone service was doing it as part of your bill. Much to the embarrassment of the IR

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    t make much of an effort, but that is beside the point. In truth, it sends out news releases and so on. Here are some of the areas where you can save on your 2006 taxes that you might not know about.

    Telephone Excise Tax Refund – For the last 108 years, the IRS has collected a long distance tax. Don’t remember paying it? Well, this is because your phone service was doing it as part of your bill. Much to the embarrassment of the IR

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    ve on your 2006 taxes that you might not know about.

    Telephone Excise Tax Refund – For the last 108 years, the IRS has collected a long distance tax. Don’t remember paying it? Well, this is because your phone service was doing it as part of your bill. Much to the embarrassment of the IR

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    nce tax. Don’t remember paying it? Well, this is because your phone service was doing it as part of your bill. Much to the embarrassment of the IRS, the tax has been ruled illegal over and over by courts. The IRS has finally given in. Does this mean you get a refund for the last 108 years? No. Instead, you can claim a $30 or $60 refund on your 1040. The box is line 71 on the 1040 form and line 42 on the 1040A and 1040EZ forms. Alternatively, you can go rifle through your phone bills and file form 8913.

    State and Local Sales Tax Deduction – Mention of this deduction may bring on a sense of d?j? vu. It has been around since 2004, but was set at the end of 2005. Fortunately, it has been renewed. If you itemize deductions,

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