I have a landline and 3 cell phones; can I claim the Federal Excise Tax Credit on all 4 lines?
2007-04-07 06:26:19 · 4 answers · asked by Linda P 1 in Business & Finance ➔ Taxes ➔ United States
Hello, Linda! If you fill out Form 8913 to claim the actual long-distance excise taxes you paid, then you are in essence claiming the credit on all four lines.
However, if you claim the standard deduction ($30-$60 depending on how many exemptions you claim), the number of phones/lines is irrelevant; the only qualification is that you actual DID pay some long-distance excise tax on at least one of those lines.
Check out the below links for more details. Good luck! :-)
2007-04-07 06:37:24 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Yes, you can take credit for all of the excise taxes you paid.
2007-04-07 06:29:17 · answer #2 · answered by KillerKat 3 · 0⤊ 0⤋
Legally, they can't claim the credit if they didn't have a phone during that period. Would it very possibly slip through? Yes, it probably would.
2016-05-19 04:14:58 · answer #3 · answered by ? 3 · 0⤊ 0⤋
If you claim the flat rate, then no, you just get it once. If you itemize the amounts, then yes you can - that might or might not be worth it.
2007-04-10 02:26:45 · answer #4 · answered by Judy 7 · 0⤊ 0⤋