What is the fee for the Treasury Offset Program (TOP) per offset collection transaction?

The correct fee for the Treasury Offset Program (TOP) per offset collection transaction is $17. This fee is charged to the federal agencies participating in the program for the services provided by the Bureau of the Fiscal Service in offsetting payments to collect outstanding debts. The Treasury Offset Program enables the government to collect delinquent debts by reducing payments to individuals or entities who owe money, such as through tax refunds or federal benefit payments.

Understanding this fee structure is important for agencies as they budget for costs related to debt collection. Additionally, agencies must consider this fee when deciding whether to utilize the TOP for debt recovery, as it impacts the overall cost-effectiveness of their debt management strategies.