View Full Version : Tax Refund Check
noderman
Apr 19, 2007, 09:39 AM
I noticed something on my federal tax refund check. Printed right under my name, it reads: 5.85 interest. I don't recall having ever seen this before but maybe it was there and I never noticed it before. Anyone have any idea what that means?
Matt3046
Apr 19, 2007, 09:40 AM
Is it saying they paid you, or you paid them?
noderman
Apr 19, 2007, 09:42 AM
It doesn't say either, just those words.
AtlantaTaxExpert
Apr 24, 2007, 10:06 AM
I believe that is the current annual rate of interest the IRS pays on refunds that are overdue.