Thousands Losing Tax Refunds Because of Parents’ Old Debts


Talk about saddling the next generation with debt. The Washington Post says the government has confiscated refund checks from thousands of taxpayers - to cover debts owed by someone else in their family - usually their parents. Some of these debts go back several decades. The government’s effort to collect these outstanding debts goes back three years - when a single line tucked into the farm bill lifted the 10-year statute of limitations on government debts.

SOURCE: Washington Post

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