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If you owe state student loans do the IRS take state taxes or federal taxes?
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Do federal student loans count as income for tax purposes?
No. Student loans are borrowed money, and is not considered "income;" therefore, you do not include them on your taxes.
Can student loans be taken out of your federal taxes?
Yes, if your at a public school but not at private schools
If your car is repossessed can they garnish your income taxes?
Not normally. They can however file a non wage garn and get your taxes when you deposit them into your checking or savings account. Usually only, government and state can withhold your taxes...i.e. back taxes, child support, student loans etc...
Your student loans are in default your attorney says if you file bankruptcy you will still receive your federal income taxes is this true?
While in general you should always follow your attorney's advice, you may wish a second opinion from another attorney this time. A bankruptcy does not get you out of student loans. If you were going to lose your income tax refund to the student loan people, then even after bankruptcy you still will.
Do you have to pay taxes on your federal student loan?
No, fed student loans are not income. Unless I'm forgetting something, you get to deduct the interest paid on the loan as you're paying it off. They should send out a 1098 to report that when applicable. That's the only tax implication...
Do federal student loans count as income for tax purposes?
No. Student loans are borrowed money, and is not considered "income;" therefore, you do not include them on your taxes.
Can student loans be taken out of your federal taxes?
Yes, if your at a public school but not at private schools
Can a landlord take from your tax refund?
No. The IRS will take an income tax refund for back federal or state taxes, unpaid child support or alimony, student loans in default, and any unpaid federal or government debt.
Can the federal government garnish the total amount of your social security check?
For unpaid taxes and unpaid student loans, yes.
Do you file for taxes if you are a full-time student dependent on student loans?
Yes it is possible that as a full time student you would be required to file a 1040 federal income tax return
Can you get student loans with back taxes?
yes
Can taxes be taken for student loans?
Federally guaranteed or insured loans, yes.
Can you get financial aid after your taxes were offset for student loans?
no
Can a privately owned entity seize your tax refund to satisfy a debt?
No. Only the IRS can keep your federal income tax refund, and only for unpaid child support or alimony, unpaid federal or state taxes, student loans in default, and any unpaid federal or government debt.
What are some reasons that your federal tax return be taken?
If you're asking about your tax refund, the federal government will seize it for back taxes owed, student loans or any other government loans, child support, or any debts that you owe to the government.
Will back taxes effect your student loans?
No, but is will affect your credit report.
Can the state withhold federal income taxes if you owe welfare?
Your state can flag your account to withhold your federal refund in order to meet a debt owed;however, in general, your state,they can only take your taxes if you owe on a student loan, have back child support, or owe taxes. I guess you need to contact Dept of revenue of your state.
