The IRS announced yesterday (IR-2006-137) that individual taxpayers can claim a telephone excise tax refund of between $30 and $60 — depending on family size — without having to dig through their old phone bills to document their refund claims:
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.
- Telephone Tax Refund Questions and Answers
- IR-2006-82: Government to Stop Collecting Long-Distance Telephone Tax
- Notice 2006-50
Update:
- Associated press: IRS Sets Up Phone-Tax Refund
- Bloomberg: IRS: Phone-Tax Repeal to Net Families $60
- Don’t Mess with Taxes: Ringing Up Phone Tax Refunds, by Kay Bell
- Reuters: Refund for Individuals From Phone Tax
- Wall Street Journal: IRS Sets Guidelines on Refunds for Discontinued Telephone Tax. by Robert Guy Mstthews




2 responses to “Individuals to Get Automatic $30-$60 Telephone Excise Tax Refunds on 2006 Returns”
PHONE-Y REFUNDS
The IRS unvieled a program to issue refunds to individuals of the discredited telephone excise tax. Individuals will be able…
PHONE-Y REFUNDS
The IRS unvieled a program to issue refunds to individuals of the discredited telephone excise tax. Individuals will be able…