I heard about this a few days ago, and thought I would mention it here.
There is a refund you can claim on your 2006 tax return if you paid phone bills between March 2003 and July 2006. Apparently a tax was collected on those bills (which would have included cell phone bills as well as land lines) for both long distance and local calls, but according to some new rulings should have only been collected for local calls. So, the part that was for long distance is being refunded.
If you don't have 4 years of old bills, you can take a standard amount (the actual amount depends on your number of exemptions) that is supposedly easy to calculate and include in your return. I've heard advice from one tax professional that says it's not worth the extra time and effort to pull out the old invoices and add up the tax anyway. Also, if you've already filed and forgot this refund, just refile an amended return.
You can probably tell that I haven't filed my return yet and won't for a number of months (yes, I'll file an extension request). For that reason, I'm not completely familiar with the details yet. I will be once I look into it for myself. But if any friends have questions about it, just let me know. I'll do the research early! (Yes, you have to be a friend of mine to get this service.)
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4 comments:
That is awesome! I am tempted to look at my old bills. I like having my taxes done by the end of Feb., but I'm still waiting for some paperwork from the bank before I file. I wish they'd hurry up!
I'm excited because for once, I might actually get a return. (-:
So, do you do your taxes for yourself, Moona, or pay someone?
I'm curious because I've only ever done my own (oh, and one time a relative's who was going to be out of the country), but have toyed with doing other people's for them.
If I can afford it, I go to H&R block, otherwise I do it myself (usually using their electronic stuff).
I go to H&R Block online to do the e-filing.
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