I like to pay the least possible amount in taxes, so when I saw this following article, I printed it out and put it in my tax file as a reminder. It's from Money magazine and gives details on how to get your $30 to $60 phone tax refund. Anyone who paid for long-distance phone service between March 2003 and July of this year is eligible for a tax refund on their 2006 federal tax return. The tax was an old, out-of-date tax started in 1898 (believe it or not), and has now been eliminated. And those of us who paid the tax the past three years are getting some money back as a result.
There are two ways you can decide your refund:
- If you want to fish through 41 months worth of phone bills to calculate how much you actually paid, you can claim [3% of] that amount on your return.
- Otherwise, the IRS announced Thursday you can claim $30 if you're filing a 2006 return with one exemption; $40 for two exemptions; $50 for three exemptions and $60 for four or more exemptions.
I probably only spent enough to get $20-$30 if I calculated it out, so I'll take the $60 automatic option, thank you! ;-)
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