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| *Ostroff, Fair and Company>>>United States Taxes |
If I owe student loans will the IRS keep my tax return money? |
If I owe student loans will the IRS keep my tax return money? Only if your any of your government backed student loans are in default. Merely being behind on a loan will not trigger a capture of your refund. Defaulting on a private loan will not trigger a capture either. THATS RIGHT. They will only keep your tax return money if you are so far behind in paying that it has gone to collections. If you are current, you will get your refund. If you defaulted on your student loans then your refund will be offset to pay towards the debt. If you are current on your payments your refund will not be offset Yes they will, I used to be a collector for student loans and child support and we constantly got peoples tax refund. You need to read carefully the small print of your rules of borrowing the papers you received when you signed for your student loans. If you are in default on the student loans, yes they will. If you owe student loans but are paying them off as you're supposed to, then no they won't. |
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