The Department of Treasury's Bureau of the Fiscal Service (BFS) issues IRS tax refunds and Congress authorizes…
The law allows the use of part or all of your federal tax refund to pay other federal or state debts that you owe. Here are six facts from the IRS that you should know about tax refund ‘offsets.’ A tax refund offset generally means the U.S. Treasury has reduced your federal tax refund to pay for certain unpaid debts.
Certain financial debts from your past may affect your current federal tax refund. The law allows the use of part or all of your federal tax refund to pay other federal or state debts that you owe.
Here are six facts from the IRS that you should know about tax refund ‘offsets.’
Not all debts are subject to a tax refund offset. To determine if a debt is owed (other than federal tax), and whether an offset will occur, contact BFS’ Top call center at 800-304-3107
Do you have an Offset? Connect with others and share your updates and progress here!
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