Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 17, 2020 5:29:56 PM

Will my student loan take my money if it is offset

Covid 19 offset student loans

0 2 518
2 Replies
Expert Alumni
Mar 17, 2020 5:48:59 PM

if you are delinquent on your student loan, the Dept of Education could seize your refund to pay for the delinquent amounts.

Level 15
Mar 17, 2020 6:53:42 PM

TurboTax never knows about offsets to your refund

 

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