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No. The IRS doesn't take your tax refund unless you owe the government money, government insured student loan arrears or child support arrears. It does not collect money on behalf of banks. However, if you deposit your check in your bank account it can be frozen by a creditor and the funds taken.
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∙ 15y ago
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How much can the IRS take out of a refund for a student loan payment?
If you are delinquent in your student loans to the point where your refunds are being intercepted, they can take the entire refund until the debt is satisfied.
Can your state refund be taken by a federal loan?
yes they can take it for that
Can your student loan take your federal tax refund?
YES
If you are being sued by a bank can they take your home?
Had a business loan and 2 home equity loans and assets as collateral... delinquent on business since it is now closed but current on equity loans... Can the Bank take all assets and home for collecting the business loan (now closed) plus all assets?
What is the duty of a loan officer?
The duty of a loan officer is to take applications for loans and mortgages. The loan officer must look to protect both the interest of the client and of the lending institution. They will do credit checks on customers, and follow up with delinquent payments.
Can the IRS take you tax refund if you have a defered student loan?
If it is in deferred status, they will probably not take your tax refund. If your student loan is delinquent, then they will be seize your refund and put it toward your debt.
How much can the IRS take out of a refund for a student loan payment?
If you are delinquent in your student loans to the point where your refunds are being intercepted, they can take the entire refund until the debt is satisfied.
Can IRS take your refund for a garnishment?
ONLY for: 1-Unpaid delinquent student loans 2-Prior unpaid taxes 3-Delinquent child support
Can your state refund be taken by a federal loan?
yes they can take it for that
Can your student loan take your federal tax refund?
YES
Can the government take all of your tax return due to delinquent student loans?
It can take your tax refund.It can take your tax refund.It can take your tax refund.It can take your tax refund.
If you are being sued by a bank can they take your home?
Had a business loan and 2 home equity loans and assets as collateral... delinquent on business since it is now closed but current on equity loans... Can the Bank take all assets and home for collecting the business loan (now closed) plus all assets?
Will the IRS or state take your state tax refund due to delinquent student loans?
Yes. (Although in fairness, it isn't the IRS taking it, it is the IRS can be instructed to give it to the government agency you owe).
Does your school have to contact you before using your federal tax return as payment on your loan?
If your loan is in default the Feds will take your refund. The Feds will send you a letter.
If I'm currently being garnished by student loan company can they also take my income tax refund?
If it is a govet' insured or guaranteed loan, yes.
Can student loan take your local taxes?
Yes. If it's a state sourced student loan,they can hit your state refund annually until it's satisfied-sorry.
What is the duty of a loan officer?
The duty of a loan officer is to take applications for loans and mortgages. The loan officer must look to protect both the interest of the client and of the lending institution. They will do credit checks on customers, and follow up with delinquent payments.
