My wages are being garnished for a federal student loan. Will they take my tax return also?
I have not received a tax return for the last 5 - 6 yrs because the federal student loan I owe on has been getting it. Now my wages are being garnished as of this year. Will they continue to take my tax return even though I am presently being garnished? Can they double dip? My garnishment is GUARANTEED money. They already have one hand in my pockets. Can they have two?- Well it is a maybe yes or maybe no, because your federal refund is usually only offset if you are in default of a student loan, since your wages are being levied, maybe that makes it seem as you are not in default and your refund will not be offset. But is might be a good thing to have the refund offset so you can get out of debt. Good luck!
- Uh, no your garnishment is NOT guaranteed money - you could lose your job. They will take your refunds and continue the garnishment until you have paid all that you owe. do not sound so put out and injured about it, YOU are the one who borrowed money and then did not pay it back
- Even though they are garnishing your wages your tax return can still be offset. I would suggest calling the following number. 1 - 800 - 304 - 3107. This number is the treasury offset program and they will be able to let you know rather or not it is going to be seized
- Yup. Then can even take your social security when you are older. /
- You bet. And you can stop it, just pay off the loan. Until you do, stop complaining
Knowledge Base
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Knowledge Base: Student Loan
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My wages are being garnished for a federal student loan. Will they take my tax return also?
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Any proposed student loan debt elimination programs or interest rate reductions?
has anyone heard if obama's new budget includes anything about possible programs to help cut down student loan debt or a move to lower interest rates, particularly for consolidation?. no. your debt and no help on the horizon. i do not know about that. but i do know that my (private student loan)
Knowledge Base: Federal Student Loan
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My wages are being garnished for a federal student loan. Will they take my tax return also?
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