I have a concern regarding student loan garnishment. My garnished wages are used for payment on my student loan. Will my tax refund also be garnished and applied to student loan debt?
Usually only the state and federal governments are able to take your tax refund, therefore you’ll probably get your refund if your student loan debt isn’t:
- With the state or federal government
- Part of a federally insured student loan program
However, if your student loan debt is with a state or federal government program, they’ll most likely apply your refund to your delinquent student loan balance. You should receive notice if your refund is going to be offset. If you haven’t received notice, contact your student loan provider to determine if they intend to offset your refund.
If you deposit this check in your bank account, it’s possible for private creditors to levy this money.
Get the facts from H&R Block about an IRS option for deferred payment of back taxes, called currently not collectible status (CNC).
An IRS phishing scam is carried out via unsolicited emails or via websites that pose as legitimate companies to obtain tax information & file in your name.
If someone has fraudulently filed a tax return with your SSN, use Form 14039 to fix the situation. Learn more about tax identity theft with the experts at H&R Block.
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