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Can wages and Income tax be garnished at the same time for student loans?
yes and no
Can Federal tax return be garnished for student loan?
yes - it can be garnished for any federal obligations
Can a student loan be garnish from your federal tax return as well as from your employer?
Yes, federal student loans can be garnished from your federal tax return through a process known as tax refund offset. Additionally, they can be garnished from your wages, meaning your employer may withhold a portion of your paycheck to repay the loan. Both methods can occur simultaneously if you have delinquent or defaulted loans. It's important to stay in communication with your loan servicer to avoid these actions.
Can my already garnished federal income tax for student loans have an additional garnishment for back taxes as well?
Yes, your federal income tax refund can be garnished for both student loans and back taxes simultaneously. The U.S. Department of Treasury can offset your tax refund to satisfy multiple debts, including student loans and federal tax liabilities. However, the total amount garnished will depend on the specific debts and their respective priorities. It's advisable to check with the agencies involved for the exact details of your situation.
How does having student loans affect tax return?
Not at all
Can you apply unclaimed interest paid on student loans during the 2006-2007 tax season on your 2008 tax return?
Interest on student loans isn't deductible - regardless of when paid or accrued.
When can the IRS garnish your tax return?
The government has just garnished my 2008 federal tax return due to my student loan being defaulted. My student loan dates back to 2005. It was very inconvenient to have my return garnished, especially since I would have received $6,500, but I am also glad I had this resolved!
What are tax return loans?
Tax return loans are when an individual borrows an amount of money against their tax return.
If you are being garnished for a defaulted student loan will they keep your entire tax return?
They will take the entire tax refund if you owe that much. And they will do that every year until the loan is paid.
If your pay is being garnished for student loans can they still keep your tax refund check?
Not sure who "they" are...but they can use all legal means to collect what you swore you would pay.
Can you garnish tax returns in Wisconsin?
Yes, Wisconsin allows for the garnishment of state tax refunds for certain debts, such as unpaid child support, student loans, and certain court fines and judgments. The amount that can be garnished depends on the type of debt owed.
What percent of your tax return can be garnished?
100% can be garnished and for as many years as it takes to repay the debt.
