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Why do I get 16 dollars back

Why do I get 16 dollars I’m return
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3 Replies

Why do I get 16 dollars back

Did you previously receive a 2019 Federal tax refund?    If so, this may be an interest payment.  You may get a Form 1099-INT in January 2021, and will need to report the $16 in interest on next year's tax return.  See this article at the IRS website:

 

https://www.irs.gov/newsroom/13-point-9-million-americans-to-receive-irs-tax-refund-interest-taxable...

Anonymous
Not applicable

Why do I get 16 dollars back

One possibility. the IRS is paying interest on 2019 refunds on returns filed by July 15, 2020, from April 15, 2020, until the date of the refund. Interest payments may be received separately from the refund.  

Why do I get 16 dollars back

https://www.irs.gov/newsroom/13-point-9-million-americans-to-receive-irs-tax-refund-interest-taxable...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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