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Faster Than a Paper Return?
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BobKamman
Level 15
08-23-2024
10:09 PM
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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."
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PATAX
Level 15
08-25-2024
03:31 PM
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The interest paid may be more than one could get from bank cd - certainly more than what interest checking accounts pay.
