CPA & Business Advisory Blog

Flying After July 23rd? You Could be Eligible for a Refund for the Taxes You Paid With Your Ticket

According to the IRS, if you plan to travel, or have traveled, on or after July 23, 2011, and you purchased your ticket on or before July 22, 2011, you are entitled to a refund for the federal air transportation excise taxes that was paid when you purchased your ticket.

Airlines are now permitted to refund the tax to the passenger, just as they do in the ordinary course of business when issuing refunds for unused refundable tickets (including the associated taxes). Because the airlines and travel service providers already have the information about passenger ticket purchases and travel, and in many cases have payment card information that may facilitate streamlined refunds, the IRS has asked the airlines to provide refunds to eligible passengers when requested. However, passengers who are unable to obtain a refund from the airline may obtain a refund by submitting a claim to the IRS. Because the IRS has no information about passenger ticket purchases or travel dates, travelers who are unable to obtain a refund from the airline will be required to submit proof of taxes paid and travel dates to the IRS under procedures that are under development. The IRS will provide additional guidance at a later date.

Do you have want to know more about how you can get your federal air transportation excise tax refund?

Leave a comment below, or contact one of the professionals in Skoda Minotti’s Tax Planning & Preparation Group by calling 440.449.6800.

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