Anticipating a tax refund this 2025? Be aware that the IRS might retain it partially or entirely if you have outstanding debts.

As you anticipate your tax refund in 2025, be aware that the IRS can withhold it to settle outstanding debts. This process, known as offset, is part of the Treasury Offset Program. Even with a ...

The top of a form 1040 individual income tax return Tim Boyle / Staff/Getty Images. Unpaid state income taxes: States collaborate with the federal government through special offset programs ...

The Treasury Offset Program is authorized by Congress and allows for the BFS to reduce your refund and use it to pay down the following debts: Past-due child support; Federal agency nontax debts; ...

$23,200 or less in taxable income - 10% of taxable income; $23,200 but not over $94,300 - $2,320 plus 12% of the excess over $23,200; $94,300 but not over $201,050 - $10,852 plus 22% of the excess ...

TOP recovered more than $3.8 billion in federal and state delinquent debts in 2024. The Treasury Offset Program explains why some people's tax refunds could be reduced. TIN stands for tax ...

A tax refund offset occurs when the government applies part or all of your federal tax refund to an outstanding debt, such as defaulted federal student loans.This process is managed by the ...

Without the tax refund program, you'd buy savings bonds at www.TreasuryDirect.gov and hold them in an online account. You can no longer buy savings bonds in person at banks. Bank stopped selling ...

Tax season is underway, and the IRS expects 140 million people will file returns by April 15. The agency has also debuted a new online tool to help taxpayers check the status of any refund they ...

Federal student loans are considered in default after nine months of non-payment. Federal tax refunds can be garnished by the U.S. Department of Education to offset delinquent loan payments ...

If the IRS owes you a tax refund, it should come within 3 weeks of filing. And in a change, 25 states are now participating in the IRS's free online filing program.