766/768 codes showing - can offset still happen for past debts?
I see code 766 and 768 on my transcript but im worried about an offset. Not sure if I still need to be concerned about my refund being taken for old debts at this point or if seeing these codes means im in the clear? Anyone know if its still possible to get hit with an offset after these codes show up?
16 comments
Write a comment...
Paolo Ricci
Once you see codes 766 (credit to your account) and 768 (earned income credit), any offsets would have already been applied. If there were going to be offsets, you would see code 898 for the offset amount. At this point, you should be receiving your refund as shown minus any offsets that were already processed.
0 coins
Keisha Williams
omg thank you! Been stressing about this for weeks 😅
0 coins
1M
Amina Toure
not entirely true - saw someone get hit with offset 2 days after these codes posted last month
0 coins
1M
Paolo Ricci
That's extremely rare but you're right, it can technically happen until the refund is actually issued.
0 coins
1M
Write a comment...
Oliver Zimmermann
Hey! Instead of stressing, you should try taxr.ai - it analyzes your transcript and tells you exactly whats happening including if offsets are likely. Its only $1 and way better than trying to decode these things ourselves. https://taxr.ai
0 coins
CosmicCommander
does it actually work? seems to good to be true tbh
0 coins
1M
Oliver Zimmermann
Yeah it's legit! It saved me hours of research and explained everything in plain English. Even predicted my DDD perfectly
0 coins
1M
CosmicCommander
just tried it and WOW 🤯 finally understand wtf is going on with my refund!
0 coins
1M
Write a comment...
Natasha Volkova
in the same boat rn...got those codes but nervous af about my old student loans ðŸ˜
0 coins
Write a comment...
Javier Torres
Check the BFS offset website - it'll tell you if theres any debts that could grab ur refund
0 coins
Natasha Volkova
whats the website link?
0 coins
1M
Javier Torres
just google treasury offset program self service, should be first result
0 coins
1M
Write a comment...
Emma Davis
ur probably fine but nothing is garuanteed with the IRS these days lol
0 coins
Malik Johnson
facts 💀 they stay playing games with our money
0 coins
1M
Write a comment...
Isabella Ferreira
Usually those codes mean your good to go! But if you wanna be 100% sure upload your transcript to taxr.ai - it'll tell you exactly what's happening and if there are any potential issues. Best dollar I ever spent fr
0 coins
Ravi Sharma
cosign this! used it last week, super helpful
0 coins
1M
Write a comment...