Tax Refund Offset – Where's my Refund?

Student Loan Tax Offset Hardship Refund

College is a time for you to become independent, make lasting memories, and pursue an education that leads to a career you’re passionate about. However, higher education can come at a cost. Once you graduate, you may have forgotten about all of the student loans you borrowed over the years to pay for your degree.… Continue reading Student Loan Tax Offset Hardship Refund

Tax Topic 203: Refund Offset

The Department of Treasury’s Bureau of the Fiscal Service (BFS) issues IRS tax refunds and Congress authorizes BFS to conduct the Treasury Offset Program (TOP). Through the TOP program, BFS may reduce your refund (overpayment) and offset it to pay: Past-due child support; Federal agency non-tax debts; State income tax obligations; or Certain unemployment compensation debts owed… Continue reading Tax Topic 203: Refund Offset

What To Do If The IRS Offsets Your Tax Refund

What happens when the IRS Offsets Your Tax Refund? If you get a notice or status of an offset, your tax refund is going to be seized and put towards debt you owe to the IRS or another government agency. As part of the Treasury Offset Program (TOP), your tax refund checks are matched against… Continue reading What To Do If The IRS Offsets Your Tax Refund

Tax Refund Offsets for Unpaid Child Support

What does Tax Topic 203 Mean?

If a taxpayer receives a refund that is less than the amount that was submitted with the tax return, the refund may have been offset for a past due obligation. A refund offset is when an IRS refund is reduced or intercepted to pay off delinquent debt, such as past-due child support, outstanding student loans, or unpaid… Continue reading What does Tax Topic 203 Mean?

Avoiding Tax Offsets Due to Student Loan Debt

If your student loans are in default, you’re probably worried about your tax refund. Will the student loan lenders take it? First, let’s set the record straight on private loans. Private student loan companies can’t take your tax refund. The lender may be able to take money from your bank account, but that’s only if they’ve sued… Continue reading Avoiding Tax Offsets Due to Student Loan Debt

How many people did not receive their Direct Deposit on their Scheduled Day?

We have been getting multiple reports that some taxpayer tax refunds never hit their cards or banks. If you never received your tax refund after seeing a scheduled direct deposit date message here are a couple of things to remember. Here are a few steps you can take if you never received your tax refund… Continue reading How many people did not receive their Direct Deposit on their Scheduled Day?

Tax Refund Offsets

Your tax return may show that you’re due a refund from the IRS. However, if you owe a federal tax debt from a prior tax year, or a debt to another federal agency, or certain debts under state law, the IRS may keep (offset) some or all of your refund to pay that debt. What… Continue reading Tax Refund Offsets

What does it mean to have your tax refund offset?

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… Continue reading What does it mean to have your tax refund offset?