This IRS FAQ states:
Will my second Economic Impact Payment be offset if I owe a federal tax liability, have a payment agreement with the IRS, or owe other federal debts?
No
Will my second Economic Impact Payment be offset if my spouse or I owe past-due child support?
No.
Will the IRS levy on the second Economic Impact Payment deposited into my bank or other account?
No, unless there is an exigent circumstance. If you think the IRS inadvertently served a levy on an account into which your Economic Impact Payment was deposited, contact the IRS within 21 days at the phone number listed on the levy notice to let the IRS know that it has levied on your Economic Impact Payment.
We do not know whether these issues will change under the American Rescue Plan. The bill is expected to be signed by the President soon.
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