Resources
Curated by the RCV Taxes & Notary Team
IRS REFUND OFFSET LINE
What kinds of debts might be offset?
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Past-due federal tax;
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State income tax;
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State unemployment compensation debts;
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Child support;
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Spousal support; and
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Federal nontax debt, like student loans.
The IRS makes offsets for past due federal taxes. All other offsets are handled by the Treasury Department’s Bureau of the Fiscal Service (BFS), previously known as the Financial Management Service (FMS). For federal tax offsets, you’ll get an IRS notice. For all other offsets, the notice will come from BFS.
Credits
You can claim credits and deductions when you file your tax return. You may also qualify for certain coronavirus credits, deductions, and relief.
How Credits and Deductions Work
Tax credits and deductions can change the amount of tax you owe so you pay less.
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Credits can reduce the amount of tax you owe.
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Deductions can reduce the amount of your income before you calculate the tax you owe.
Claim Federal Tax Credits and Deductions
Claim certain credits and deductions on your tax return and you may be able to get a larger refund, while others may give you a refund even if you don't owe any tax.