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maddiefann94
Returning Member

Unemployment Tax Break with Student Loan Debt

So I filed earlier this year and got $42 back as my federal refund, of course I did this before the new bill went into effect. I owe student loan debt (owned by federal government), and it was being garnished before COVID started. I know the federal tax refunds were not being garnished, however I'm now waiting for my unemployment tax break refund. I just looked at the IRS and they said that 'the refunds are also subject to normal offset rules', does that mean I'm not getting my unemployment refund? I thought that garnishment don't start back up until September. 

 

Just a bit confused on what I'm supposed to be expecting. Any help would really be appreciated! 

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3 Replies

Unemployment Tax Break with Student Loan Debt

https://www.irs.gov/newsroom/irs-begins-correcting-tax-returns-for-unemployment-compensation-income-...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
maddiefann94
Returning Member

Unemployment Tax Break with Student Loan Debt

I read that already, I didn't know what offset meant, that's why I'm posting here. Does it mean I'm not getting my refund back? Or am I? 

Unemployment Tax Break with Student Loan Debt

"Offset" means they take a refund to pay a debt.

 

 https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts

 

 

https://ttlc.intuit.com/community/refunds/help/what-is-a-refund-offset/00/26301

 

Reduced Refund      https://www.irs.gov/taxtopics/tc203

 

 

 NOTE: You can contact the IRS Treasury Offset Program Call Center at 1-800-304-3107 to ask if they have an offset for you on file. TurboTax would not have that information.

 

https://turbotax.intuit.com/tax-tips/tax-payments/who-can-garnish-an-income-tax-refund/L7cPPzDyc

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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