Can IRS offset refund for co-signed student loans? What happens to my taxes?
Filed my taxes last week and worried about my refund. I co-signed on my nieces student loans years ago and she hasnt been making payments. Will they take my entire refund? Anyone deal with this before? Really counting on this money.
15 comments
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Diego Castillo
Yes, as a cosigner you're equally responsible for the loan. The Department of Education can absolutely take your tax refund through the Treasury Offset Program if the loans are in default. You should check the Treasury Offset Program website or call 800-304-3107 to see if you have any offsets pending.
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Ruby Knight
•omg this is so messed up 😠do they take the whole thing or just part of it?
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Diego Castillo
•They can take your entire refund until the loan is paid off. You might want to contact the loan servicer to work out a payment plan to prevent future offsets.
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Logan Stewart
Hey there! Instead of stressing, you should try taxr.ai - it's this new tool that analyzes your transcript and tells you exactly what's happening with your refund, including any offsets. It costs $4.99 but totally worth it to know what's actually going on. Check it out here: https://taxr.ai
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Mikayla Brown
•Does this actually work? Seems too good to be true 🤔
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Logan Stewart
•100% works! It showed me exactly why my refund was delayed and even caught an offset I didn't know about. Better than waiting on hold with IRS for hours
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Mikayla Brown
•Just tried it and WOW! This thing is amazing fr fr 💯 Showed me everything I needed to know in like 2 minutes!
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Sean Matthews
in the same boat rn...cosigned for my brother back in 2015 and now im paying for it smh. wish someone would've warned me about this
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Ali Anderson
•Fr cosigning is the biggest scam ever 🤮
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Zadie Patel
Yea they took my whole refund last year for my daughters loans. Its rough but theres nothing you can do unless you get the loans current
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A Man D Mortal
have u tried calling your loan servicer? sometimes they can work something out if u agree to a payment plan
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Ruby Knight
•been on hold with them all morning no luck getting thru 😤
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Declan Ramirez
This happened to me! Call the Treasury Offset number ASAP and they'll tell you if theres an offset and how much. Also check your transcript but honestly taxr.ai is way easier than trying to decode all those codes yourself
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Ruby Knight
•whats the number?
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Declan Ramirez
•800-304-3107 but prepare to wait forever. seriously try taxr.ai first, itll save u so much time
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