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In the USA, if your Federal Student Loans are in default, then your original lender was paid 97% of your loan value by a Federal Guarantee Agency. Guarantee Agencies are basically insurance companies. When your lender was paid off, the Guarantee Agency took ownership of your loans. Guarantee Agencies have the right by law to keep any Federal or State Income Tax return money that is owed to you. They also have the right to garnish any wages and to garnish Social Security benefits. If you need help getting out of default and getting off of the tax offset list, click on my profile, StudentLoaner, below.
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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 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.
Can the IRS take you tax refund if you have a defered student loan?
If it is in deferred status, they will probably not take your tax refund. If your student loan is delinquent, then they will be seize your refund and put it toward your debt.
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.
How much can the IRS take out of a refund for a student loan payment?
If you are delinquent in your student loans to the point where your refunds are being intercepted, they can take the entire refund until the debt is satisfied.
If they garnish my wifes check can they garnish my income tax if we file jointly?
Yes, if the agency she owes money to has filed paperwork with the IRS and/or your state tax agency. If they garnish the joint refund, you can submit an injured spouse claim which is a request to have the refund split (usually according to how much of the income on the return belongs to each of you). The amount of the refund that belongs to her will be applied to her outstanding debt and the amount of the refund that belongs to you will be sent to you. You have a limited time to make this claim after you are notified that the refund was withheld to pay her debt, so read your notice carefully. If it's a joint debt, then you cannot make this claim because you both owe the money.Usually tax refunds are only garnished by other government groups (federal, state, or local), publicly funded schools, and student loan companies, but there may be others.
Is student loan reportable as income?
No, a student loan is NOT reportable income. Besides, it wouldn't make sense that immediate debt be considered income.
How can you stop a car loan company from taking your tax refund?
I have never seen a case where a private company of any kind can put a lien on someone's Federal Income Tax Refund? Usually the only groups that can put lien on a Tax Refund would be a government related debt like state or city taxes, student loan debt, food stamp or social security overpayments, etc.
Can the US Army garnish your income tax refund for an unpaid enlistment bonus debt?
Yes
Can the state hold your federal income tax if you owe money to unenployment?
Not usally, but however if the state has requested that your Federal refund be used to offset your debt it can be done. Not often does this happen. The state will certainly use your state refund to pay the debt if the unemployment agency has request they do so. If you are still unsure and want to find out for sure call FMS at 1-800-304-3107, caution if they do not have you in their system to hold part of your refund... by calling them it will expedit the process.
Can a company that one has a deliquent account with garnish that individual's federal income tax refund?
Private companies are not allowed that priviledge. Back child support on court order, federally backed student loans, IRS debt, and overpaid Social Security will take your refund.
Can overpayment unemployment debt be taken in tax refund?
Yes. Unreturned unemployment benefits overpayments may be deducted from your federal income tax refund.
