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10:51 AM, Sep. 2, 2006
The IRS is giving us all a refund!
(view similar articles on Personal Finance and Taxes)
The IRS is offering a refund for a
telephone tax they have been collecting since 1898 to help pay for the
Spanish-American War! Most of you should get a $60 refund.
The Internal Revenue Service today announced the standard
amounts that most long-distance customers can use to figure their
telephone tax refund. These amounts, which range from $30 to $60, will
enable millions of individual taxpayers to request the telephone tax
refund without having to dig through old phone bills. In general, anyone who paid the long-distance telephone tax will
get the refund on their 2006 federal income tax return. This includes
individuals, businesses and nonprofit organizations. The 2006 return is
usually filed during 2007.
The standard amounts are based on the total number of exemptions
claimed on the 2006 federal income tax return. 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.
“The easiest way for eligible taxpayers to get their money back is
to use the standard amounts,” said IRS Commissioner Mark W. Everson.
“These amounts save taxpayers from locating 41 months of old phone
bills and analyzing these bills to determine the taxes paid. We believe
the standard amounts are both reasonable and fair.”
Happy refund to you! Don't spend it all in one place!
Carol
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