Will they take half of it?
15%?
All of it?
Is there anything I can do to stil it or to at least minimize it?
I was relying on this tax return big time this year, due to currently being unemployed.
When I checked the status of my return in the IRS website, it stated the day that my refund will be sent to my bank (in a few days), but it also had a special note, that I'm not sure, but I think it's directly for me, unless it's a standard warning that they gice everyone, but I doubt that.
It said that there could be an offset applied if I owed child support, Unemployment wages that were fraudulently paid or overpaid, and other non-tax debts (federal debts, I think it said).
I don't have any children, and, although I did recently get Unemployment insideins benefits, theyret not attained fraudulently and not overpaid or anything like that, at least not to my knowledge, so as long as I don't have kids I don't know about out there, I'm pretty sure it has to do with the student loans I owe.
The note says that the IRS doesn't know how much or why, and that, in the case I should have an offset applied, The answering agency in charge of the sent collection would send a notification with the amount and reason.
I am really worried be from reading all these people saying that they take it all.
<a rel="nofollow" target="_blank" href="https://www.nolo.com/legal-encyclopedia/default-student-loan-29859.html">https://www.nolo.com/legal-encyclopedia/default-student-loan-29859.html</a>
If your delinquent student loan debt exceeds your refund, they will seize the entire refund--not just a percent of it. TurboTax does not receive any information or feedback regarding refund offsets. That will be done by the Bureau of Fiscal Services.
https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts
IRS Treasury Offset Program Call Center at 1-800-304-3107
To see back taxes owed