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If you are making you monthly payments on your student loan can you still get your income tax at the end of the year?
If you are not delinquent with your student loan, your federal income tax refund will not be garnished.
How do you deal with delinquent student loans?
You can consolidate delinquent student loans and get an income sensitive repayment plan.
What is the federal government's source of income?
Individual income taxes is the federal government's largest source of funds.
When can federal taxes be taken?
Generally your Federal Income tax refund can be taken to pay any past taxes due, unpaid student loans, unpaid and delinquent child support due, and most any amount due to a federal or state agency. It is far more unlikely for the refund to be attached for normal credit balanced due if not due to a government agency though it has been done.
What is income of the government?
Individual income taxes is the federal government's largest source of funds.
What is the government source of income?
Individual income taxes is the federal government's largest source of funds.
What two levels of government do you pay income tax to?
The Federal government is the level of government we pay income taxes to.
Largest source of revenue for the federal government?
The largest source of revenue for the federal government has been individual income taxes and payroll taxes. These taxes account for 82% of all federal government income.
What did the federal government create in 1861?
In 1861, the federal government created Income Tax.Income taxes.
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.
What is mean by income tax?
It is what the federal or state government charges you on your income. (the money you earn) It is a percentage of your income. It mean the tax youse has to pay on youse income.
Do you have to pay taxes on your non-federal student loan?
No, it is a debt not income.
