IRS to send 13.9M taxpayers interest on their refunds

[jpak]

https://www.taxprotoday.com/news/irs-plans-to-send-13-9m-taxpayers-extra-interest-on-their-tax-refunds-amid-coronavirus

The Internal Revenue Service and the Treasury Department plan to send interest payments averaging $18 to approximately 13.9 million individual taxpayers who filed their 2019 federal income tax returns on time and are receiving tax refunds.

The interest payments will go out to individual taxpayers who filed a 2019 return by this year’s July 15 deadline and who either have already received a tax refund in the past three months or will be receiving a refund. Most of the interest payments will be issued separately from tax refunds.

In most instances, taxpayers who received their tax refund by direct deposit will have their interest payment directly deposited in the same bank account. Approximately 12 million of the payments will be direct deposited.

Everybody else will get a paper check. A notation on the check will say, “INT Amount” to identify it as a tax refund interest payment and indicate the interest amount.

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I got $17 - still waiting on the full refund...

[underpants]

1. Hell yes! That's a boatload of scratch lottery tickets!

We’s gonna be rich!!!

[jpak]

2. Three $5 and two $1 tickets

One of them has to win big...