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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 ...
If you’re still waiting for your tax refund, the IRS ... federal entity that handles tax refunds is the U.S. Department of the Treasury’s Bureau of the Fiscal Service (BFS), which can hold ...
Over a month after the official close of the tax season in the United States, the federal tax agency continues to process ...
As tax season concludes, many taxpayers are still awaiting their refunds. The IRS is diligently working through a backlog of ...
Millions of taxpayers in the United States could see their tax refunds withheld this year due to certain financial situations, not due to IRS delays ... If only part of your refund is withheld ...
Accuracy is critical when filing your tax return ... administration, the Federal Student Aid Office will reactivate the Treasury Offset Program to begin withholding IRS refunds from individuals ...
If your tax refund ... Outstanding federal debts—including student loans, unpaid taxes, or child support—can lead the government to withhold part or all of your refund to settle those obligations.
Starting next tax season ... taxpayers may also owe the IRS money if they did not have sufficient federal withholding." The good news is, if you're antsy to get your refund, it's easy to track ...
But this year, taxpayer advocates warn getting your ... Tax refunds are taking slightly longer, but they could grow worse as President Donald Trump promises to shrink the federal government. IRS ...
As the April 15 tax deadline ... their federal tax returns on time. For those expecting a refund, the primary consequence of missing the deadline is that the IRS will hold onto your money longer.
The IRS is required by federal law to hold any refund that includes these credits until mid-February. The delay is intended to help reduce fraud by allowing the IRS additional time to match tax ...