Taxpayers who filed their income tax return this year after the original filing date of April 15, 2020 and were due a federal tax refund, may have noticed a little bit extra being refunded to them than they expected. With the revised filing date for 2019 being moved to July 15, 2020, interest is being paid on individual taxpayer refunds for tax returns that were filed and refunds that were issued in the period April 15, 2020 – July 15, 2020.
The interest payment will be received separately from the original refund. Taxpayers that received their federal tax refund via direct deposit will receive their interest payment via direct deposit to the same account. Taxpayers that received their federal tax refund via check, will receive a second check paying them the interest due them with a notation on the check stating “INT Amount”. The average refund amount is $18.
Any tax return filed earlier in the year and whose refund was issued prior to the original April 15, 2020 date will not receive interest on their refund.