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Question

Tax Offset during Corona

Forum|Forum|5 years ago
January 16, 2021
2 replies
11 views

My tax refunds are usually offset bc of student loan debt. Will they take my 2020 tax refund during the pandemic?

Level 15

yes they will.

Mike9241

Level 15

@monstersarah The IRS certainly can offset your refund because of student loan debt. Because of CARES and other stimulus provisions, collections on student loans were suspended. The suspension of debt collection by the government has expired, at least for now. If it is reinstituted under a future stimulus provision, it is possible that your refund might not be offset. However, in general, the IRS has the authority to offset your refund to apply it to past student loan debts.

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