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Will my child tax credit be taken in 2024 if i owe taxes from the previous year still?

 
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3 Replies

Will my child tax credit be taken in 2024 if i owe taxes from the previous year still?

If you owe back taxes, the IRS will take all your refunds to pay your tax bill, until it’s paid off. The IRS will take your refund even if you’re in a payment plan (called an installment agreement). But if you can’t pay your taxes right away, it’s always best to get into an IRS payment agreement to minimize penalties and interest, and prevent collection enforcement actions.

Will my child tax credit be taken in 2024 if i owe taxes from the previous year still?

Yes----no matter why you are getting a refund----if you owe back taxes or child support,  the IRS will keep your refund and apply it to the debt you owe.

 

 

 

 refund offset.

 

 

 

https://www.irs.gov/uac/tax-refund-offsets-pay-unpaid-debts

 IRS Treasury Offset Program Call Center at 1-800-304-3107

 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

**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.**

Will my child tax credit be taken in 2024 if i owe taxes from the previous year still?

Certain credits and refunds were protected from treasury offset during the pandemic. Those protections have expired.

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