A tax refund is a refund on taxes paid to an individual or household when the actual tax liability is less than the total amount of taxes paid during the tax year. It also results from a refundable tax credit that reduces a taxpayer's bill below zero. Here Are The Six Major Kinds Of Personal Debts That Can Result In A Tax Refund Offset With Advice About What You Can Do If It Ever Happens To You:- Federal Income Taxes - If you owe income taxes, your refund can be taken to pay them. Whatsoever is left will be refunded to you in the way you requested on your tax return . It is possible either by direct deposit or check. You would also receive a notice from the IRS explaining why the money was withheld. If a mistake was made, you will need to take it up with the IRS. State Income Taxes - The feds can also withhold money from your tax refund to cover the unpaid state income taxes. State Unemployment Compensation - If your state is of the opinion that you collec
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