The date on the check is "03 24 23" and it came from Kansas City, MO.
and at the bottom, it has "12/2020" TAX REFUND 30
INT $ 434.82
I was shocked, to say the least, I then searched on google to see if I was unaware of any rebates/credits, or anything like that, and I came a crossed the "Lookback" Rule, which basically states if the taxpayer lost a job due to the pandemic and was on unemployment in 2020 which I was, that, "if you earned more in 2019, you can “lookback” to use your 2019 income when claiming the EITC on your taxes? I never knew that rule existed. So I know I didn't do anything to initiate this, did they automatically do it for me?
Or am I missing something here?
Thanks!
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The payment you received from the IRS is for interest on your 2020 tax refund. You will need to report that as interest income on your 2023 tax return.
The refund was for a little over $5000.
You should receive a letter in the mail in the comming days explaining what the refund was for.
Hello. Did you cash it? I got the same check for amount $173. But I never received unemployment, so I dont know what it's for. I'm nervous to cash/deposit it, lol
What does it say at the bottom like on the other person's check? INT is for interest the IRS is paying you.
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