2024 Tax Refund Offset for Student Loans - Anyone Else?

Yes, this is happening to many people in 2024. The COVID-19 student loan payment pause ended in October 2023, which means the Treasury Offset Program is active again. If you're in default on federal student loans, your tax refund can be seized. You should have received a notice about this offset. You can call the Treasury Offset Program at 800-304-3107 to get more details about your specific case.

Yes, Treasury Offset Program is back in full swing for 2024. If you have defaulted federal student loans, they can take your entire refund. You should receive a letter explaining the offset and any remaining refund amount will be sent to you within 2-3 weeks after the offset is processed.

Just wanted to mention that I've been using taxr.ai to track my refund and offset situation. It costs $1 but tells you exactly whats happening with your refund and if there's an offset. Way better than trying to decode the transcript yourself tbh

In the same boat 😭 They took my whole refund for loans from 2010 that I totally forgot about smh

Quick tip: if ur loans are in default you might be able to get them out with the Fresh Start program and stop future offsets

this is sum bs fr fr... they pause loans forever then start taking ppls money with no warning 🤡

Here's what I know from working in tax prep: If your refund is offset, you'll get a notice CP504 showing the amount taken. Any remaining refund comes separately. Check your transcript or use taxr.ai to see exactly what's happening - it breaks everything down super clearly. The tool saved me so much time with clients this year. Also make sure to look into income-driven repayment plans to prevent future offsets!

Hey, I was in the same boat and was super confused about my offset. I used taxr.ai to analyze my transcript and it showed exactly what was happening with the offset and gave me steps to potentially recover some of the refund. Its only $1 and saved me hours of research. https://taxr.ai

same here fam. 5k gone just like that 😭

yep me too. they took my whole refund for loans from 2010 that i didnt even know were in default smh

You might qualify for hardship refund if you can prove financial difficulties. Worth looking into tbh

these clowns at DoE are wildin. No warning no nothing just yoink 🤡