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Interest on tax refunds.
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I just got my refund check, with interest, which I calculated at about 6.1%.
I filed on 3/1/11 for a refund of $622. The refund check was dated 8/17/11, for $629.96. Assuming they paid interest starting 6/1/11, as stated in various news articles, then the interest rate was about 6.1%, in spite of the news articles stating that IRB pays interest of 4%.
Posted : August 20, 2011 11:32 am
LAWD, I filed about the same time! (runs to mailbox)
Posted : August 21, 2011 12:54 am
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