If you default on a federal student loan, your tax refunds can be taken to help cover what you owe. However, the government has paused this program and other collection activities through May 1, 2022, due to the pandemic.22 Dec 2021
Will the IRS take my refund for student loans 2022?
Thankfully, the IRS is not taking refunds for student loans during the first part of 2022. President Joe Biden recently extended the student loan payment pause and collections hold through May 2022. That means the Department of Education will not start taking tax refunds until May 2, 2022 — unless Mr.10 Jan 2022
Are offsets suspended 2021?
Temporary Suspension of Offset Program until June 2021 Tax News. FTB has temporarily suspended the collection activities of the Interagency Intercept Collection (IIC) Program in keeping with the Governor's , Executive Order .23 Sept 2021
Are tax refunds being offset 2021?
(Since the offer was accepted during the 2020 tax year, the refund associated with the 2020 tax return was subject to offset). They file their 2021 tax return on showing a refund. Under the new policy, the IRS will not offset that refund, allowing the taxpayer to receive the refund.9 Dec 2021