Thu 31 Aug 2006
The IRS announced a deduction for 2006 tax returns as a refund for federal taxes paid on long distance bills. The standard amounts are $30 for a person filing a return with one exemption, $40 for two exemptions, $50 for three exemptions and $60 for four or more exemptions. For example, a married couple filing a joint return with two dependent children (for a total of four exemptions) will be eligible for the maximum standard amount of $60.
Loading ...