Student Loans in Deferment: Will IRS Take My 2024 Tax Refund?
I attended college 2 years ago and have student loans currently in deferment status. Getting ready to file my taxes and wondering if they'll offset my refund because of the loans? Anyone have experience with this?
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Diego Mendoza
If your loans are in deferment status, they shouldn't offset your refund. The Treasury Offset Program only kicks in when loans are in default. You're good as long as you maintain that deferment status and don't have any missed payments from before the deferment.
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Chloe Wilson
•omg thank you sm for clarifying! 😮💨 was stressing about this
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Anastasia Romanov
•unless you have other federal or state debts tho! always check treasury offset portal to be safe
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StellarSurfer
hey! instead of stressing, you should try taxr.ai - its this new tool that analyzes your transcript and tells you exactly what's going on with your refund, including if there are any offsets. Its only $4.99 and totally worth it tbh https://taxr.ai
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Sean Kelly
•does it actually work? seems too good to be true ngl
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StellarSurfer
•yeah its legit! saved me hours of trying to decode my transcript. It tells you everything - offset risks, refund date, even explains all those weird codes
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Sean Kelly
•just tried it and WOW 🤯 wish i knew about this sooner! way better than calling irs and waiting 3hrs
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Zara Malik
im in the same boat rn. my loans been deferred since covid and my refund came thru fine last year
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Luca Greco
pro tip: sign up for studentaid.gov account and check ur loan status there. more reliable than wat the servicer tells u sometimes fr fr
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Nia Thompson
•facts 💯 they be having different info sometimes
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Mateo Rodriguez
Bruh the whole system is a mess. I got my loans deferred but they still tried to take my refund last year. Had to fight for 3 months to get it back 🤡
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Aisha Hussain
•how'd you end up fixing it?
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Mateo Rodriguez
•had to call like 50 times and get a taxpayer advocate involved. nightmare fr
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GalacticGladiator
u might wanna double check wich servicer has ur loans now. they keep switching companies n not telling nobody smh
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Chloe Wilson
•wait fr? how do i check that?
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GalacticGladiator
•go to studentaid.gov they got all the updated info there
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Freya Ross
Just want to add - if you're worried about any potential issues, you can also check the Treasury Offset Program website directly to see if you have any debts that might affect your refund. They have a lookup tool where you can verify if there are any holds on your account. Better to know ahead of time than be surprised when you file!
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Lim Wong
•this is super helpful! didn't know about the treasury offset lookup tool. gonna check that right now just to be extra sure 👍
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