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Tax Refund Interest Payments

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Tax Refund Interest Payments

8/20/2020

IRS Interest Refund

According to IRS.gov, you may have already received or will be receiving an unexpected deposit into your account from the IRS. The IRS has been issuing interest payments averaging $18 to roughly 13.9 million individuals who filed a 2019 return by July 15 of this year and either received a refund in the past three months or will receive a refund in the coming months.

This payment will be made in the same manner as your tax return (direct deposit or physical check), and there will be a notation on the check saying “INT Amount”. This notation will identify the deposit as a refund interest payment and will indicate interest amount.

You can read the full article from the IRS here.



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