Will my money coming from the Economic Stimulus Payment be intercepted?
This year only my state refund got intercepted. I owe a debt to a housing authority from almost 8 years back. However my federal did not get intercepted. I was just curious if this Economic Stimulus Payment that is expected sometime this late spring early summer will get affected by this at all. Thank you in advance.
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May 28th, 2009 at 11:58 pm
if you got your federal ok might not got the rebate taken unless the state put in for a hold on it nay just haven't found out it yet form the federal irs
May 28th, 2009 at 11:58 pm
if you have received your federal refund you should get the tax check in may. if you are not sure, you can go to irs.gov there site has two whole pages on the free tax check that they are sending out in may
May 28th, 2009 at 11:58 pm
If your federal refund did not get confiscated, it is unlikely your rebate will. It sounds like this "housing authority" is a state, not a federal agency.
Here's what the IRS says:
Q. I'm eligible for a payment but I still owe federal income tax from a prior year. Will my payment be reduced?
A. Yes. For this purpose, the stimulus payment is treated like any other tax refund. This means that part or all of your payment can be used to pay past-due federal or state income taxes or non-tax federal debt such as student loans and child support. If this occurs, you will receive a letter explaining how the stimulus payment was applied.