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IRS and Treasury are sending checks for $ 5 or less. Why?


13.9 million taxpayers will receive payment, according to the Internal Revenue Service

Most of those affected will receive the interest payment by direct deposit.

Photo: Thomas Cain / Getty Images

Small checks – averaging $ 18 dollars – began to arrive in the mail over the past few weeks as interest payment for federal refund delays of some tax returns of 2019.

The Treasury Department and the Internal Revenue Service (IRS, for its acronym in English) are sending payments to 13.9 million taxpayers who received their tax refund late this year, based on USA Today.

IRS reported this payment has been or will be received by people who filed their 2019 tax return before July 15 (deadline). In most cases, these interests will arrive separately from the tax refund and nearly 12 million people will receive it by direct deposit. Therefore, a minority of those affected will receive it on paper.

To verify that it is a legitimate check you will see the word “INT” in the left corner and there will be written “Tax Refund” at the bottom, as Susan Tompor, of USA Today.

The aforementioned interests will be taxable on the 2020 federal return. “In January 2021, the IRS will send” Form 1099-INT to anyone who receives total interest of at least $ 10. “


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