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refund cp21B notice

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

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1 Best answer

Accepted Solutions
KrenaS
Employee Tax Expert

refund cp21B notice

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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2 Replies
KrenaS
Employee Tax Expert

refund cp21B notice

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.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

refund cp21B notice

Thank you,

 

That answers my inquiry.   

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