What does interest due to me from the irs mean?

The irs told me that my tax refund was on hold because I have interest due to me from the irs. Do that mean that I'm getting more money back?

Public Comments

1. Yes, that's exactly what it means. If the IRS delays in getting you your refund, they pay you interest on that money. Currently the rate is 8% but it can change quarterly. Don't forget to include that interest as income next year though!
2. Wow! You are definitely one of the fortunate ones... However, if you paid any tax expenses this year in order to file, you can also get that money back as well. I found a site that paid me all of my H&R Block tax expenses back to me this year. They also said that if I had owed the IRS, instead of getting a return, that I could have had some of that paid for me as well. Go to the site that I put in the resource box below, fill out your information on the site, and find out how much money that they can save you from your tax expenses!