Treasury and IRS to Issue Interest Payments

Treasury IRA

Written by Jeff Dvorachek

August 19, 2020

Per IR-2020-183, the Treasury and IRS have announced that interest payments will be sent to around 13.9 million individual taxpayers. Taxpayers who filed a 2019 return by the July 15, 2020, deadline and either received a refund in the past three months (or are scheduled to receive a refund) can expect to receive interest payments averaging about $18.

Visit the IRS website for more information about how you might expect to receive your interest payment and how to report the interest on next year’s 2020 federal income tax return.

Visit the IRS Website

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Jeff Dvorachek
I joined Hawkins Ash CPAs in 1998. I am the partner-in-charge of the Manitowoc, WI, office and tax director for the firm. I have thorough experience providing tax services to individuals, commercial businesses, nonprofit entities and estates and trusts. I also provide compilation and review services. I lead the Tax Committee and am a member of the Information Technology Advisory Committee.

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