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    noderman's Avatar
    noderman Posts: 8, Reputation: 1
    New Member
    		  
    #1

    Apr 19, 2007, 09:39 AM
    Tax Refund Check
    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's Avatar
    Matt3046 Posts: 831, Reputation: 128
    Senior Member
    		  
    #2

    Apr 19, 2007, 09:40 AM
    Is it saying they paid you, or you paid them?
    noderman's Avatar
    noderman Posts: 8, Reputation: 1
    New Member
    		  
    #3

    Apr 19, 2007, 09:42 AM
    It doesn't say either, just those words.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #4

    Apr 24, 2007, 10:06 AM
    I believe that is the current annual rate of interest the IRS pays on refunds that are overdue.
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