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New Member
posted Jun 4, 2019 10:14:20 PM

I owe an old school loan that has been off set before. Filing this year i noticed you can delay the refund until next year's return. Is this possible?

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1 Best answer
New Member
Jun 4, 2019 10:14:22 PM

Yes and no. You can indicate you want your refund applied to next year's return but the offset will be deducted first and any amount left will be carried to next year's return.

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 to a state (generally, these are debts for (1) compensation paid due to fraud, or (2) contributions owing to a state fund that weren't paid).

1 Replies
New Member
Jun 4, 2019 10:14:22 PM

Yes and no. You can indicate you want your refund applied to next year's return but the offset will be deducted first and any amount left will be carried to next year's return.

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 to a state (generally, these are debts for (1) compensation paid due to fraud, or (2) contributions owing to a state fund that weren't paid).