America has a another government program.The Department of Treasury Bureau of Fiscal Service (BFS). This department has the authority to collect tax refunds, for past due debts. Including child support, and over payments from Social Security.
This year, for the 2015 tax season, the BFS has seized millions of Americans tax refunds.
All tax payers become excited at years end. Many are sure they might get a refund.Then a letter comes explaining the refund is being used to pay debt.
Obviously, these debts need to be paid. Too take one hundred percent of a tax refund seems a bit harsh. Especially when people are on fixed incomes. This is exactly what millions of Americans are now facing.
Interestingly. Tax refunds fall this year exactly at the same time we have a heated political race.
This year, for the 2015 tax season, the BFS has seized millions of Americans tax refunds.
All tax payers become excited at years end. Many are sure they might get a refund.Then a letter comes explaining the refund is being used to pay debt.
Obviously, these debts need to be paid. Too take one hundred percent of a tax refund seems a bit harsh. Especially when people are on fixed incomes. This is exactly what millions of Americans are now facing.
Interestingly. Tax refunds fall this year exactly at the same time we have a heated political race.
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