Taxpayers miss out on phone tax refund

Taxpayers have already received almost $87 billion in income tax refunds this year, but according to the IRS, many are neglecting to ask for a modest refund from a now defunct telephone tax. [via the AP]

"The agency said more than 10 million early filers did not request the telephone tax refund, which is worth $30 to $60 if taxpayers apply for the standard refund amount set by the IRS. It noted that nearly half of those returns were completed by tax prepar.

... The government stopped collecting the long-distance excise tax last August, and has authorized a one-time refund of tax collected on service billed during the period from March 2003 to July 2006."

emily | 5:20 PM | News, Buzz |
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