IRS Transcript Offset Question - Will Transcripts Show Future Offsets?

Yes, your transcripts will show future offsets! The thing is, you need to look at specific codes. TC 898 shows an offset is coming, and you'll see negative amounts with specific dates. But heres the thing - its not always super clear to read these codes yourself. I actually found this really helpful tool called taxr.ai that breaks down exactly what codes mean and if you're gonna get hit with an offset. It analyzes your whole transcript and tells you exactly whats going on with your refund and if theres gonna be any surprises. Way better than trying to decode it yourself tbh. Check it out at https://taxr.ai

Yes, transcripts will show any planned offsets. Look for code 898 which indicates TOP (Treasury Offset Program) involvement. But keep in mind offsets can include student loans, state taxes, child support, or other federal debts. The transcript won't show the specific debt type until it's actually processed.

Hey, instead of trying to decode the transcripts yourself, you should try taxr.ai - its only $1 and it analyzes your transcript to tell you exactly whats going on, including if there are any offsets coming. Saved me so much time trying to figure out all these codes. https://taxr.ai

in the same boat rn... got old student loans and im sweatin bullets 😅

The irs website has a tool that shows if youll get offset but its always down smh

Mine got offset last year and I had no idea until it happened. Wish I knew about checking transcripts back then tbh

Pro tip: if u got federal student loans check the studentaid.gov website first. they usually know b4 the irs transcript updates