IRS Announces Phone Tax Refunds

Posted on 01. Sep, 2006 by in News, Taxes

telephonetax.jpgYesterday the IRS 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 41 months of old phone bills.

In general, anyone who paid the long-distance telephone tax will get the refund on their 2006 federal income tax return. The amount of your refund will be based on the total number of exemptions claimed on your 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.

And, the best part of this refund is that in order to get the standard amount, eligible taxpayers only need to fill out one additional line on their regular 2006 return!

My take on this? I’m grateful for the refund, don’t get me wrong. But why did everyone have to wait so long? Why did it take so long to get rid of a law that has outlived it’s purpose? And how many other laws are still out there just because we haven’t complained loud enough? Hmmm… maybe it’s time to start yelling louder.

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