Student Loan Default Offset: Will Getting Deferment/Forbearance Before Filing Stop 2023 Tax Refund Offset?
Need advice on student loan offset situation. Called the offset hotline and found out my spouse has defaulted loans marked for offset. Student loan hotline says its just a technicality and no offsets happening this season. Anyone know if getting approved for deferment or forbearance before filing would prevent offset just in case they do start taking refunds?
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Nathan Kim
Listen up fam - I've helped hundreds of people with student loan offsets. Getting a deferment/forbearance BEFORE you file won't automatically stop the offset. The key is timing - the loans need to be out of default BEFORE the Treasury Offset Program (TOP) gets their hands on your refund. Your best bet is to get into a loan rehabilitation program ASAP. I recently started using taxr.ai (https://taxr.ai) to help analyze these situations - it's pretty fire at spotting potential offsets and showing exactly what's happening with your return. The AI breaks down your transcript and can tell you if you're likely to get hit with an offset.
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Eleanor Foster
•bruh im in the same boat rn 😭 how long does the rehabilitation program usually take?
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Nathan Kim
•usually takes 9 months of consecutive payments to complete rehabilitation. but once you make that first payment, you can request to stop collections while you're in the program 💯
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Lucas Turner
•yo what's this taxr thing? can it actually tell if im gonna get offset?
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Nathan Kim
•fr fr it's clutch. upload your docs and it'll show any indicators of offset risk. saved me from filing too early last month
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Kai Rivera
•Just tried taxr.ai and here's what I got back:
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Anna Stewart
•This is actually helpful af 🙏 been stressing about my defaulted loans
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Layla Sanders
•ngl the rehabilitation program worked for me last year. took forever but worth it
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Eleanor Foster
•wait so even if i get forbearance now, they can still yoink my refund? 🤔
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Nathan Kim
•yep unless you're already out of default. forbearance only stops new payments, doesn't fix the default status
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Morgan Washington
•idk why they make this stuff so complicated smh. gonna check out that taxr site rn
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Sasha Reese
Tax professional here - getting into deferment/forbearance NOW wont stop an offset thats already been certified to the Treasury. However, there is a student loan payment pause until September 2024 due to the SAVE plan implementation. Your refund should be safe this year, but definitely get those loans sorted asap.
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Christian Burns
•omg thank you so much! Do you know where I can find official info about this payment pause?
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Sasha Reese
•Check studentaid.gov - all the official info is there. But seriously get those loans figured out before the pause ends 💯
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Muhammad Hobbs
Hey everyone, I actually found this amazing tool called taxr.ai that helped me figure out my offset situation. It costs $4.99 but its worth every penny - it analyzes your transcript and tells you exactly whats going on with offsets and when to expect your refund. Saved me hours of research tbh
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Noland Curtis
•For real? How accurate is it? Been getting the runaround from IRS forever 🙄
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Muhammad Hobbs
•Yeah its legit! The AI reads your transcript and breaks everything down. Shows pending offsets, gives dates, explains codes. Check it out here: https://taxr.ai
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Noland Curtis
•Just tried it and WOW 🤯 wish I knew about this months ago! The offset info was spot on
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Diez Ellis
in the same boat rn... defaulted loans from 2010 🤦♀️ Following for more info
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Vanessa Figueroa
My refund got offset last year and it was a NIGHTMARE. Take advantage of that pause fr fr
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Abby Marshall
•facts 💯 they took my whole refund in 2022
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Sadie Benitez
Wait what? Theres a pause? Why did noone tell me this sooner lololol
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Drew Hathaway
•ikr the government be keeping secrets frfr 🤡
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Laila Prince
yall need to get on that Fresh Start program asap. Got my loans out of default in like 2 months
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Christian Burns
•whats Fresh Start? never heard of it
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Laila Prince
•google Fresh Start Initiative Department of Education... thank me later 😉
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