Most tax refund interest payments will be made by direct deposit, but some will be by paper check. The IRS announced it’s starting to send out interest payments this week to individual taxpayers whose tax refunds were delayed. The average tax refund for this tax season is $2,741, according to IRS filing statistics through July 24. In most cases, the interest payments will be issued separately from any tax refund due. The IRS is still facing backlogs of paper mail (paper tax returns, and all tax return-related correspondence).

Source: Forbes August 19, 2020 18:53 UTC