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I owe back taxes , will the IRS offset my recovery rebate credit ?

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I owe back taxes , will the IRS offset my recovery rebate credit ?

@Pureluv As explained to you in both threads that you have posted to, if you owe back child support or back taxes, then some or all of your 2020 refund--including any recovery rebate credit money-- can be used to pay your debt.  If the IRS takes your refund to pay a debt you owe you will receive a lower refund  (or possibly no refund)  than you expected and a few weeks later you will receive a letter that explains why they took some  (or all) of your refund.   The amount they take will depend on how much you owed for the back child support, back taxes, etc.  

**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.**

I owe back taxes , will the IRS offset my recovery rebate credit ?

That is incorrect. The advance child tax credit the 3rd one. 1400 I should be able to get that one.

I owe back taxes , will the IRS offset my recovery rebate credit ?


@Pureluv wrote:

That is incorrect. The advance child tax credit the 3rd one. 1400 I should be able to get that one.


The third economic impact payment has nothing to do with the advance child tax credit.  This stimulus payment of $1,400 is sent by the IRS based on the latest tax return received by the IRS, either 2020 or 2019 returns.

Go to this IRS website for the third stimulus payment information - https://www.irs.gov/coronavirus/get-my-payment#schedule

 

If you do not receive the third stimulus payment in 2021 you can get the payment as a Recovery Rebate Credit on your 2021 tax return that you file next year.

However, if you still have debts outstanding the IRS can take the 2021 federal tax refund which includes the Recovery Rebate Credit.

I owe back taxes , will the IRS offset my recovery rebate credit ?

Ok so if someones recovery rebate is taken for back child support is there anything that can be done since it is stimulas

 

I owe back taxes , will the IRS offset my recovery rebate credit ?


@angi3nicol3 wrote:

Ok so if someones recovery rebate is taken for back child support is there anything that can be done since it is stimulas

 


No, the 3rd stimulus payment did Not have an exclusion for owing back child support.

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