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My refund from the IRS was almost $400 more than expected.

My refund from the IRS was almost $400 more than expected.  It has been 3 weeks and I have not received anything from the IRS to explain.   I filed in March and finally got the refund in October.  I am curious if I made an error or if this is some kind of interest?   My refund was more than $26,000.

Any advice on my next step as I don’t want to make any errors if that is the issue.

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5 Replies

My refund from the IRS was almost $400 more than expected.

Chances are it is interest for the late processing for which you will get a letter in January for the taxable interest to report on the 2021 return ... check your online account with the IRS ... https://www.irs.gov/payments/view-your-tax-account

My refund from the IRS was almost $400 more than expected.

it would take a huge refund to generate that much interest for six months delay.

My refund from the IRS was almost $400 more than expected.

They said their refund was 26,000.  That seems pretty big.

My refund from the IRS was almost $400 more than expected.

If it is for interest don't forget to add it to next years return.

My refund from the IRS was almost $400 more than expected.

@VolvoGirl 

 I didn't notice that, 

$26,000 is the number that popped out of my calculator. Really.

 

400 / (3% x 1/2year) = 26,667

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