Debt

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

After you file

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.

JeanneLO
Intuit Alumni

After you file

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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