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If you are being garnished for a defaulted student loan will they keep your entire tax return?
Wiki User
∙ 7y ago
They will take the entire tax refund if you owe that much. And they will do that every year until the loan is paid.
Wiki User
∙ 7y ago
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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!
Can Federal tax return be garnished for student loan?
yes - it can be garnished for any federal obligations
Can student loans be garnished from tax return?
Government Guaranteed or isnured ones, yes.
What should I do if I want to return to school to become a nurse but I have a defaulted student loan from 1995?
In the US, you can consolidate your defaulted loans and be eligible for new loans in the fall. Click on the link at the bottom of this text box for help with consolidation.
The IRS is holding my income tax return because of defaulted student loan however they have garnished my wages for the past 12 months. Will they continue to withhold my return?
Yes...... They are the government....They can do most anything. HOWEVER!!! Talk to an attorney that specializes in IRS matters, You may find that he/she could manuver the IRS into cutting you a break as well as help protect your refund..
Who is responsible if 2 people co-signed a student loan which the student defaulted on?
Who pay's a defaulted studentThe student is responsible and if judgment is granted then they take money either from their pay check's or their income tax will be held for payment until debit is payed. So the student has either garnessment of wages or tax return's..... In the US, a cosigner can be removed from a loan if the original borrower consolidates his/her loans in only their name. To get help with the consolidation of defaulted loans, click on the link at the bottom of this text box.
If your son files head of household and you have a defaulted student loan will the IRS hold his income tax refund?
Yes they will. The IRS held my 2008 Tax return because of this. I had a defaulted student loan and now it is the next year and I am having processing delays code 1301. If anyone knows what reference code 1301 is. Please let me know.
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.
How will you know if your income tax return will be taken on defaulted student loan?
The Federal Management Service (FMS) applies ('offsets') income tax refunds through the Treasury Offset Program (TOP) to cover non-tax debts such as student loans. FMS sends you an offset notice when this happens. You can call the Treasury Offset Program Call Center (1-800-304-3107) for specific questions about your defaulted student loan.
What is the average percentage withheld from tax refunds for defaulted student loans?
They can, and will, take the entirety of your tax return for any outstanding federal debt including student loans and prior year taxes. There is no legal requirement that they return anything to you owe other branches.
If you filed a joint tax return in Michigan can your return be garnished?
Yes this could be very possible.
Can your federal income tax return be garnished?
If you owe back taxes, or owe the social security, have a judgment aginest you the taxes can be garnished.
