I live in the state of Ohio… I got my state taxes behind and right away I checked the standing of my sovereign return, and this is what it says….
“Your reinstate might be marked down to compensate a past due requisite such as kid support, an additional sovereign group debt, or state income tax. If this relates to you, the Financial Management Service, who issues IRS refunds, will send you a notice informing you of any equivalent they have made. The sum of the debt have been not supposing to the IRS. Please do not call us to scrutinise about the sum since we will not be means to answer your questions. Instead, approach any questions you have about the equivalent or debt to the group identified on the notice.”
I dont owe kid await and I got my state taxes back… so it contingency be my propagandize loan ( that yes, is defaulted )
Is there a low to how most they can take? Or have been they going to take it all? Im so sad!!!!!!
Related posts:
- THERE IS A CHANCE MY TAX REFUND WILL BE OFFSET BECAUSE OF A RECENTLY DEFAULTED STUDENT LOAN…?
- DEFAULTED STUDENT LOAN & INCOME TAX RETURN?
- ARE THEY TAKING MY FEDERAL INCOME TAXES? I DIDN’T RECIEVE THE YEARLY LETTER THAT I OWE ARREARAGES.?
- IS GOING TO MY DREAM SCHOOL WORTH TAKING OUT 40 TO 70 THOUSAND IN STUDENT LOANS?
- DEPARTMENT OF EDUCATION IS TAKING MY INCOME TAXES?
{ 8 comments… read them below or add one }
If your refund is more than what you owe on your student loan, you will get the difference.
If your student loan is greater, they will take all of your refund, and you will owe that much less on your student loan.
They can take out whatever you owe. If your tax refund is $1500 and you owe $1400, they’ll send $1400 to the school and send you back the remaining $100.
They can take it all, up to the amount you owe including any penalties and interest that have accrued.
my sister had this happen to her, they can only take the principal of the loan, not interest or things like that
They will take either the amount that you owe OR the all of it, whichever is less. If you owe more than the amount of the refund, then they will take the entire refund. If you owe less than the amount of the refund, then they will take only the amount that you owe, and send you the rest.
Standard message. IRS is letting you know that if you are in default of a student loan etc IRS will offset the refund to the debt. The amount of you whole refund would be offset. If it overpays, then the reminder would be refunded to you.
To find out if you your refund is going to be offset call 1-800-304-3107, you will be able to find out if your refund would be offset and how much.
This just happen to my daughter. The full amount of the defaulted student loan was taken from her refund. They can take it all and if you still have a balance and don’t pay it off they can take the rest next year. My daughter was sad to. Being a single mom you always have plans for your refund, but like I told her, that is one bill that is no longer hanging over her head.
I recieved the 203 topic when looking for my refund,it also said they mailed out the money Feb 11.Would they of deducted any amt owed before they snd it,or is Feb 11 just a pipe dream and should i not wait for the mail man. Thank you