State Farm sent me a check in 2015 for $38.13 (i.e. $23.42 homeowner premium refund + $14.71 interest payment). This is as a result of a homeowner rate settlement agreement between State Farms Lloyds and the Texas Department of Insurance.
I am guessing that the IRS will want to tax the $14.71 but not the $23.42 portion. Right?