Debt
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New Member

Debt

If it says I’m in debt will that money be taken out of my return?

2 Replies
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Level 3

Debt

Yes.

5 years ago they took $3,300 out of my return. But at least the debt is paid in full. Otherwise the IRS will screw you royally on interest.

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Expert Alumni

Debt

If you have a refund offset the IRS can use part or all of your refund to offset the debt. You will receive a letter from the Bureau of the Fiscal Service is your debt is offset. 

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