IRS interest rates jump to 6% on Oct. 1. Here’s how much money you’ll get for a missing refund - CNBC


8/16/2022 12:00:00 AM2 years 8 months ago
by Kate Dore, CFP®

If you’re still waiting on a tax refund, you may be earning interest on your unpaid balance, and the rate jumps to 6% on Oct. 1, according to the IRS.

How to calculate your interest The interest is an annual rate compounded daily, meaning you divide the 6% rate by 365, explained Tommy Lucas, a certified financial planner and enrolled agent at Mois… [+1441 chars]

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