Question

Can the IRS take my refund for student loans if I’m approved for a deferment?

Answer

If your student loan is in deferment, the IRS won’t take your refund. The IRS will only take your refund if you’re delinquent with your student loans to offset debt.

Your student loan interest deduction might be lower than prior years if you paid less interest in the current tax year. This can affect how much refund money you receive.

Related Topics

Related Resources

Timeline for Amending Your Tax Return

Not sure when to amend your taxes? Get information on amending your tax return. Learn more from the tax experts at H&R Block.

IRS Letter 226J – Proposed Employer Shared Responsibility Payment

The IRS think you owe an Employer Shared Responsibility Payment. Learn more about IRS letter 226J from the tax experts at H&R Block.

Basic Schedule D Instructions

Need instructions for filling out your Schedule D tax form? Learn more from the tax experts at H&R Block.

Withholding Compliance

The IRS may ask your employer to withhold taxes at a higher rate. Learn more about withholding compliance from the experts at H&R Block.