The irs told me that my tax refund was on hold because I have interest due to me from the irs. Do that mean that I'm getting more money back?
2007-03-14 17:13:45 · 2 answers · asked by Catrina S 1 in Business & Finance ➔ Taxes ➔ United States
Yes, that's exactly what it means. If the IRS delays in getting you your refund, they pay you interest on that money. Currently the rate is 8% but it can change quarterly. Don't forget to include that interest as income next year though!
2007-03-14 17:17:50 · answer #1 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Wow! You are definitely one of the fortunate ones... However, if you paid any tax expenses this year in order to file, you can also get that money back as well. I found a site that paid me all of my H&R Block tax expenses back to me this year. They also said that if I had owed the IRS, instead of getting a return, that I could have had some of that paid for me as well. Go to the site that I put in the resource box below, fill out your information on the site, and find out how much money that they can save you from your tax expenses!
2007-03-15 03:30:06 · answer #2 · answered by Jason C 2 · 0⤊ 0⤋