For individual taxpayers, the interest rate for income tax refunds (overpayments) is the same as that applicable to assessments (underpayments).

Name: For individual taxpayers, the interest rate for income tax refunds (overpayments) is the same as that applicable to assessments (underpayments).
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The interest rate for income tax refunds (overpayments) and assessments (underpayments) is currently the same and is determined quarterly by the IRS.

For Individual Taxpayers, the Interest Rate for Income Tax Refunds