Consumers Get Refund For Moribund Telephone Tax

Next April, you can get $30-$60 in drinking money and whoop it up on Uncle Sam. The IRS announced a new deduction for consumers following the May repeal of a moribund long-distance telephone tax.

The standard deduction starts at $30 and increases by $10 for every dependent claimed.

If you think you were hit harder than $30, you can add up the federal excise tax on your old telephone bills from March 2003 to July 2006 and apply for a refund.

The assessment originated in 1898 as a luxury tax to help fund the Spanish-American war.

Read more: “Remember the Maine? Get a refund