I overpaid the IRS. How long does it take for the money to get refunded to my bank account?

[tagteam]

See https://www.irs.gov/wheres-my-refund

[taxlady28]

Do you mean that you owed the IRS and paid more than you owed?  Please explain exactly what is going on.

[kevinburryjr-]

Hi,

I seen an old notice on my IRS account for a payment due. The due date of this payment was in 2021 but it was for the 2020 tax year. There was an initial payment in the 2020 tax year that I submitted but unfortunately it was unable to get fully processed. Since the payment for the 2020 tax year was unable to get fully processed, I got a follow up notice that accrued interest from that initial payment

I thought that the initial payment and accrued interest payment were consecutive payments, so I submitted payments for them separately as of September 2024.

However, I realized that the initial payment and the accrued interest on the notice are concurrent to each other.

Long story short, I didn't fully comprehend the notice as I should have and realized that the balance due in 2021 for the 2020 tax year was paid already before the due date of the notice. I got the years mixed up and payments confused, and overpaid too much. 

I hope this helps.

[VolvoGirl]

Contact the IRS at 1-800-829-1040 or Try the Tax Advocate

Home - Taxpayer Advocate Service (TAS) - Taxpayer Advocate Service

[kevinburryjr-]

Ok,

Thank you 🙂