Educational Tax Tip: How the IRS Applies Your Tax Refund When You Have Debt

Do you know what happens to your tax refund if you owe back taxes or other federal debts? When you’re entitled to a refund, the IRS can automatically apply it to any unpaid federal or state taxes before you receive it. If your refund is not enough to cover your total debt, you may still owe the remaining balance. If you’re expecting a refund but have outstanding tax liabilities, don’t be caught off guard!

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