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Level 2
September 9, 2021
Solved

refund cp21B notice

  • September 9, 2021
  • 2 replies
  • 24 views

Received a 1906.64 refund check 

and a CP21B notice stating the refund due is $1887  decrease in tax

what is the 19.64 difference?  What amount should I report?

 

unemployment compensation

    Best answer by KrenaS

    If you were expecting a refund of $1,887 for the unemployment exclusion, the additional $19.64 is likely due to interest that the IRS is paying you.  At the bottom of the check received from the United States Treasury, there should be a notation with the amount of interest, then INT, then the numbers of days of calculated interest.  For 2021 you will receive a 1099-INT for the interest you received and you will need to claim that as interest income on your 2021 tax return.

    2 replies

    KrenaS
    KrenaSAnswer
    Level 2
    September 9, 2021

    If you were expecting a refund of $1,887 for the unemployment exclusion, the additional $19.64 is likely due to interest that the IRS is paying you.  At the bottom of the check received from the United States Treasury, there should be a notation with the amount of interest, then INT, then the numbers of days of calculated interest.  For 2021 you will receive a 1099-INT for the interest you received and you will need to claim that as interest income on your 2021 tax return.

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    Level 2
    September 9, 2021

    Thank you,

     

    That answers my inquiry.