What debt can offset my tax refund?
The following circumstances create the potential for debt offset that can affect your refund:
- Overdue federal tax debts
- Past-due child support money
- Federal agency non-tax debts
- State income tax debt
- Unemployment compensation debts owed to a state (for fraudulent wages paid or contributions due to a state fund)
- Student direct and guaranteed loan repayments
- Small Business Administration (SBA) loan repayments
- Department of Housing and Urban Development (HUD) loan repayments
Learn whether the payment status of your student loans entitles the IRS to take your tax return from the tax experts at H&R Block.
Learn what a 1099 IRS tax form is, and the different types of 1099 forms with the experts at H&R Block. Find out if you will receive 1099 forms from employers or investment companies.
Learn more about Form W-4 with a detailed definition from the experts at H&R Block. Find answers to the most common W-4 questions.
IRS Form 9465, Installment Agreement Request, is used to request a monthly payment plan with the IRS. Learn more from the tax experts at H&R Block.