Can student loans in collections cause my federal income taxes to be taken?
my husband owes student loans that recently went to collections. We plan on resolving the issue asap, but times are hard. Will my federal income tax return be withheld because of this, or will my state return be taken? or both? We have a son, a dependent, so our return is significant, and very much needed. Any input would be great.. either way, im just wondering if i should expect no return this year or not.
thanks! i didnt know about that number, no debts.. better file fast! lol
Of course. Any time u owe a federal or state debt it can offset your tax refund. Call 1-800-304-3107 to find out if your refund will be offset. If it tells u “no debts were found for your ssn” then u are in the clear(at least for this tax season). Good luck!
call 1800 304 3107 to see if he is on the offset list, its automated and will tell you 24hrs a day. if he has not defaulted he should be okay. that number is the tax offset program list, it tells you if you have any flags against your ss#. hope this helps
Your tax money will only get taken if you default on a federal loan/grant.If you went through a bank for your loan there is no way they can touch your tax refund
Depending on When was your Student Loan was established, and how long was the student loan had been delinquent. Nonetheless, this type of debt does not go away. and will eventually cause a problem. You may wan to consider getting in contact with the the Actual Creditor of thre Student Loan – and make arrangements with them. Often times if, the student loan was acquired through gov., assistance is available that works with your household income. Dealing with this type of scenario is best sooner than later. It will spare you the agony of anticipating the unknown, not to mention damage to your Credit history..
my student loan was recently sent to Collectionn agency also and i waswonderingg if the debt is no longerconsideredd a federal default if they have given it to an outside agency? it is over ten years old, do they ever release the debts? sorry its not an answer but a guestion.
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