Ancient Telephone Tax Repealed – Three Year Refund Due Consumers

Sunday, March 3rd, 2019 (No comments yet)

Money, US Goverment

100 years late. Better late than never?

(Image used under: Creative Commons 2.0 [SRC])

In the CAGW newsletter, they report that:

In a widely-heralded and very long-sought victory for CAGW and all taxpayers, the Treasury Department announced last May that it would stop collecting the excise tax on long distance telephone service. Known as the Spanish-American War Tax, this "temporary" tax on phone service, considered a luxury at the time, has survived for 108 years, far surpassing its raison d’etre, which lasted just four months. You can apply for a refund of the payment of that tax from 2003-2006 when you file your 2006 tax return next year.

Be sure to ask your accountant about this credit.

Tags: Outdated Laws, Taxes

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