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.
Related Resources
If you need to plan a cheap wedding but don't where to start, H&R Block has you covered. Learn how to stay in budget with these simple tips.
Learn how Mike and Lauren reached their money goals by learning lessons from financial challenges. Find out more about budgeting with H&R Block.
What is a closing disclosure? When you buy a house, you will receive a closing disclosure that can benefit you at tax time. Learn more at H&R Block.
Need debt help for the new year? Read these tips from H&R Block to stay out of debt and have a prosperous year.