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Faster Than a Paper Return?

BobKamman
Level 15

James Counts, a California CPA who sends out a daily newsletter that is often informative, related the following yesterday:

"Not sure if anyone is interested but I efiled my personal IRS 2020 tax return October 11, 2021 showing an overpayment and to be refunded  $519. The reason I mention that is I just got my refund in the mail dated 8/16/24 for that plus interest of $106.88. I guess this is proof that the IRS is catching up with their backlog."

 
1 Comment 1
PATAX
Level 15

The interest paid may be more than one could get from bank cd - certainly more than what interest checking accounts pay.

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