Ostroff, Fair and Company
*Ostroff, Fair and Company>>>United States Taxes

What is the percent in interest that the IRS pays you back owned money with?


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The IRS does not pay interest on your over-payment of taxes. They only charge interest and penalties if you don't pay the entire amount owed. Not quite fair is it?
The IRS does pay interest on money that they owe you, after a period of time that is. The rate is the same as the rate that they charge you, currently 8%. The rate changes quarterly but has been fairly stable for a while now.
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