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IRS Refund Check: Does interest get added to check or sent separately?

Finally getting my refund by paper check instead of direct deposit. Anyone who got their refund by check - did they include the interest in the same check or send it separately? Been waiting since March 2024 and just wanna know what to expect.

Giovanni Ricci

Tax professional here. The IRS typically includes any accrued interest in the same check as your refund. The interest is calculated through the date they issue the check. You'll receive a Form 1099-INT the following January showing the interest amount, which you'll need to report as income on your next tax return.

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Amara Eze

thx for clarifying! do you know roughly what % interest they pay?

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2M

Giovanni Ricci

Currently its 7% per year, calculated quarterly. Not too shabby actually 💰

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NeonNomad

wait fr? maybe i should wait longer for my refund lol jk 🤣

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Fatima Al-Hashemi

Hey guys! If you want to know exactly how much interest you'll get and when to expect your check, use taxr.ai - it analyzes your transcript and gives you super specific info. Its only $1 and totally worth it. https://taxr.ai

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Dylan Mitchell

does it actually work? seems too good to be true tbh

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Fatima Al-Hashemi

100% works! it showed me exactly why my refund was delayed and calculated my interest down to the penny

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Dylan Mitchell

just tried it and WOW! finally know whats going on with my refund after months of confusion. best 5 bucks i ever spent fr fr 💯

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Sofia Martinez

got mine last week, everything was in one check including interest

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Dmitry Volkov

in the same boat rn waiting on my check. filed in february and still nothing smh

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Ava Thompson

welcome to the club 🤡 going on 6 months here

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CyberSiren

mine came as 2 separate checks but that was back in 2023 so things might be different now idk

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Miguel Alvarez

nah they changed it, its all together now

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Zainab Yusuf

the fact we gotta wait so long that they paying interest is wild af tbh

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Connor O'Reilly

fr fr and watch how fast they want their money when you owe them 🙄

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