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c2thess1217
January 18, 2021
Question

Why did my stimulus money get deducted from my income tax. Everything I have read says that's not supposed to happen

  • January 18, 2021
  • 1 reply
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1 reply

DJS
DJS
Employee
January 18, 2021

The CARES Act protects people who owe past debts to federal or state governments from having their stimulus checks reduced. But the same protection does not apply to private debt collectors. The IRS can can intercept money from your stimulus payment if you're in the Treasury Offset Program due to unpaid child support. If you deposit your check in an overdrawn bank account, nothing prevents that bank from going in and taking money for overdraft fees. 

Answers are correct to the best of my ability but do not constitute legal or tax advice.**If this post is helpful please click on "thumbs up"**
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