2024 Student Loan Offset - Are DOE Taking Tax Refunds This Year?
Getting mixed info about DOE student loan offsets for 2024 tax season. My loans are in default and I keep hearing different things about whether theyre taking refunds or not this year. Anyone actually gone through this already? Need real answers not just rumors.
14 comments
Write a comment...
Andre Lefebvre
Yes, DOE is actively offsetting tax refunds in 2024. The COVID-era pause on collections ended in September 2023. Your best move right now is to get into a payment plan ASAP - like today. If you get into a payment plan before your refund is processed, you might be able to prevent the offset.
0 coins
Carmen Ruiz
ugh seriously? How long does it usually take for a payment plan to kick in and stop the offset?
0 coins
1M
Andre Lefebvre
Usually takes about 2-3 business days for the payment plan to register in their system. Call 1-800-621-3115 asap
0 coins
1M
Zoe Dimitriou
im in the same boat....defaulted loans from 10 yrs ago coming back to haunt me 🤮
0 coins
1M
Write a comment...
QuantumQuest
Hey guys just wanted to mention taxr.ai - its this new tool that analyzes your transcript and can tell you exactly whats happening with offsets and when youll get your refund. Its only $1 and way better than trying to piece together info from reddit posts. https://taxr.ai
0 coins
Jamal Anderson
Does it actually work? Sounds to good to be true tbh
0 coins
1M
QuantumQuest
Yeah its legit! Used it last week and it showed me exactly how much was getting offset and when id get the remainder. Even gave me the phone numbers to call 💯
0 coins
1M
Jamal Anderson
just tried it and WOW seriously impressed! saved me hours of stress and research
0 coins
1M
Write a comment...
Mei Zhang
they took my entire refund last year...3k gone just like that ðŸ˜
0 coins
Write a comment...
Liam McGuire
Check ur transcript!! that will tell u if theres an offset code. Look for 898 code
0 coins
Carmen Ruiz
how do i even get my transcript? irs website is being difficult rn
0 coins
1M
Write a comment...
Amara Eze
Working at a tax firm, I can confirm offsets are happening. Get ahead of it by calling DOE NOW. Dont wait until after they take your $$$
0 coins
Write a comment...
Giovanni Ricci
Anyone know if this applies to private student loans too or just federal?
0 coins
Amara Eze
just federal. private lenders cant touch ur tax refund
0 coins
1M
Write a comment...