I have a student loan debt offset. Can the IRS take this debt out of my refund money, including the amount I receive for the Earned Income Credit (EIC)?
Yes. If you have student loan debt, the IRS can use all or part of your tax refund money to offset unpaid tax liabilities. This can include the Earned Income Credit (EIC).You will receive a notice, however, to let you know that your refund will be offset. The notice will show your original refund amount, your offset amount, the agency that the offset was paid to, and its address and telephone number. If you receive this notice and have questions, contact that agency directly.
Learn more about what an enrolled agent is and how to become one. H&R Block explains exactly what you need to do if you’re interested in the career path.
Turning your home into a smart home could equal energy savings. Learn more about investing in connected home devices with guest contributor Neal Foster.
Need debt help for the new year? Read these tips from H&R Block to stay out of debt and have a prosperous year.