Ask Experts Questions for FREE Help !
Ask
    kiabuds34's Avatar
    kiabuds34 Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 8, 2010, 07:31 PM
    Student loans and tax garnishment
    Can I get back my tax refund back after the IRS intercepted it. They took becauseI default on my student loans?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #2

    Apr 27, 2010, 03:17 PM
    Sorry, it's gone!

    If you want to avoid future confiscations, adjust your tax withholding so you have to PAY both the IRS and state when you file your 2010 tax return.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
     
    #3

    Apr 27, 2010, 04:05 PM

    Did you default on your loans? If so why would you expect to be able to get the money back?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #4

    Apr 27, 2010, 04:07 PM

    If you owed less than the tax refund, you will be able to get the balance. But they are allowed to apply it to your debt. And if not paying, there are more penalty and interest all the time being added.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Garnishment SSD backpay for student loans [ 15 Answers ]

I have been approved for SSD or SSI and will be receiving backpay. I will have a payee can my backpay be garnished for student loans? Is there anything I can do ? I will be homeless if this happens. Will they take all of it or can they only take a portion?

Disability garnishment for student loans [ 1 Answers ]

I have an old student loan from a semester of community college back in 2000/2001. I haven't worked in over 2 yrs because of severe back problems. I finally won my disability case and got my first monthly check of $963. Its only disability because I make too much to get ssi. I called a bankruptcy...

Taking off sales tax and interest on student loans [ 1 Answers ]

My daughter baught a new car in 2008, is the sales tax or the loan interest deductable with out itemizing deductions Also can you deduct interest on student loanes without itemizing?

Defaulted student loans/wage garnishment [ 3 Answers ]

Hello! I was wondering, how much can be garnished from one's pay for a defaulted student loan? Actually, I have 2, one is a federally unsubsidised and the other is a subsidised, so would that mean they would garnish times 2? Also, concerning our taxes, if we file an injured spouse form, would the...

Wage garnishment for student loans [ 3 Answers ]

I have filed bankruptcy 3 years ago which my student loan had to stay from 1999, no payment have been made due to deferments and not working conditions. Since then tons of interest and collections fees have accrued and a garnishment has started. Is there anything I can do to fight this or what...


View more questions Search