IRS to pay 5 percent interest to individuals with delayed tax refunds

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The IRS will start paying 5 percent in guaranteed interest

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to individuals with delayed tax returns beginning in July,

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up a percentage point from the last interest rate hike that took effect in April.

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The agency will also pay 4 percent interest on delayed corporate tax returns,

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5 percent on underpayments on tax returns and 7 percent for "large corporate underpayments,"

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thanks for reading

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IRS to pay 5 percent interest to individuals with delayed tax refunds

The IRS will start paying 5 percent in guaranteed interest

The IRS will start paying 5 percent in guaranteed interest

to individuals with delayed tax returns beginning in July,

to individuals with delayed tax returns beginning in July,

up a percentage point from the last interest rate hike that took effect in April.

up a percentage point from the last interest rate hike that took effect in April.

The agency will also pay 4 percent interest on delayed corporate tax returns,

The agency will also pay 4 percent interest on delayed corporate tax returns,

5 percent on underpayments on tax returns and 7 percent for "large corporate underpayments,"

5 percent on underpayments on tax returns and 7 percent for "large corporate underpayments,"

thanks for reading

thanks for reading

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