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Unless of course you're owed a refund, in which case they'll hold your money and pay you interest on it (at least for a few years.) ...but then tax you on the
by abeyer 2y ago
Unless of course you're owed a refund, in which case they'll hold your money and pay you interest on it (at least for a few years.)
...but then tax you on the interest they paid you if you claim it.
- froindt 2y agoMy understanding was they don't pay interest on tax refunds, but you pay interest on unpaid tax liabilities. Do you have a source handy? My Google-fu is failing and only bringing up interest on unpaid taxes.
- tarlinian 2y agoIf the refund is paid in less than 45 days after the tax filing deadline or the day you file your taxes, they will pay you interest. See here: https://www.irs.gov/payments/interest#pay https://www.irs.gov/payments/interest#pay
- Rebelgecko 2y agoWithin the last few years I got a couple hundred bonus bucks back from the IRS as interest. Might've been a year where they were overhelmed and took significantly longer to cut the check that usual