CatinaT1
Expert Alumni

Get your taxes done using TurboTax

The amount of interest reported would have been included with your refund when you received it.  You would not have received this as a separate payment.

 

Taxpayers who received a federal tax refund in 2020 may have been paid interest. Refund interest payments are taxable and must be reported on federal income tax returns. In January 2021, the IRS will send Form 1099-INT to anyone who received interest totaling $10 or more.

 

 

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