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Random check in the mail from IRS? "Lookback" Rule?

Well, I am really confused here, I was on unemployment in 2020 due to the pandemic, and I filed a return because of that law, "The law waived federal tax on up to $10,200 of unemployment benefits per person", and I got a refund of around $1200, that was about two or so years ago, just today I looked on informed delivery and noticed a piece of mail from IRS, waited for the mail to arrive and I opened the letter, and to my surprise, it was a check? 

 

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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5 Replies
DavidD66
Expert Alumni

Random check in the mail from IRS? "Lookback" Rule?

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.  

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Random check in the mail from IRS? "Lookback" Rule?

The refund was for a little over $5000.

ThomasM125
Expert Alumni

Random check in the mail from IRS? "Lookback" Rule?

You should receive a letter in the mail in the comming days explaining what the refund was for.

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Sara480
New Member

Random check in the mail from IRS? "Lookback" Rule?

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

Random check in the mail from IRS? "Lookback" Rule?

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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