Per IR-2020-183, the Treasury and IRS have announced that interest payments will be sent to around 13.9 million individual taxpayers. Taxpayers who filed a 2019 return by the July 15, 2020, deadline and either received a refund in the past three months (or are scheduled to receive a refund) can expect to receive interest payments averaging about $18.
Visit the IRS website for more information about how you might expect to receive your interest payment and how to report the interest on next year’s 2020 federal income tax return.
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