Title - Student Loans and Your Tax Refund.

What To Do If You Can't Get Your Tax

Refund?
Introduction

You might be familiar with the question: Can the government take my tax refund? Sadly, the answer is
yes. Tax debts are treated by the United States government similarly to child support or other family
obligations. If you owe taxes, interest, and penalties to the Internal Revenue Service (IRS), they can use
your federal income tax refund to pay back your debt.

Student loans can take a lot from you. They can take away your weekends, time with your friends, and
your money. One thing student loan can never take away is your education. But student loans for their
repayment may be taken from you if you don't file for an extension by the April 2018 tax filing deadline.

To an overwhelming majority of Americans, education seems to remain the most important investment
a child can make. This is especially true considering the rising costs of higher education, including the
increase in college tuition costs and the growing student loan debt.

You do feel like you've been hit by a truck when you get that first student loan bill. And then you get
another one and another one after that. And then you get a tax refund, and that's upwards of $3000 and
you're wondering how much of that money can you spend? Learn about lenders that put your interests
first. Learn about lenders that will help you manage your debt.

With a tax refund, you get to do something fun with your money other than pay off debt. It's about
breaking free from the cycle of student loans once and for all. The better option is investing it or paying
it toward outstanding credit card debt. This will help you in the future and it doesn't hurt that you'll feel
better about it!
How to stop student loan tax garnishment?
If you are experiencing a student loan tax garnishment, you can contact your loan servicer to discuss
your options. You may be able to enroll in an income-driven repayment plan, which could lower your
monthly payment amount.

How can you avoid getting tax refunds in the future?

There are a few things you can do to avoid having your tax refunds taken in the future:

1. You must pay all of your taxes...

If you can pay your taxes in full, you will avoid any collection activity that may be taken against you.

2. Keep good records.

If you keep good records of your taxes, you will be able to prove your case if your tax refund is ever
taken.
Conclusion

If you can't get your tax refund, you can try contacting the IRS or your tax preparer. the government can
take your tax refund if you owe taxes, interest, or penalties to the IRS.

If you are facing financial hardship, you can request a hardship withdrawal from your retirement
account or forbearance or deferment on your student loans.

You can spend your entire tax refund on whatever you want, but you should be smart about it and
consider your student loan repayment options.

Don't use your tax refund to pay off student loans. It's better to invest it or use it to pay off credit card
debt. Make extra payments: If you can afford it, make extra payments on your student loans. Even an
extra $50 per month can make a big

Frequently Asked Question

1)Do Tax Refunds Count towards Income? What are the Income Limits with Student Loans?

Student Loan Hero – A lower income makes it more difficult to repay your student loans, but there are
options out there if you’re struggling to make your payments.

2) 6 Things to Know About Student Loans: A blog about understanding student loans since they are an
important part of paying for college.

1. Student Loans Have Interest

2. Student Loans Have Fees

3. Student Loans Are Not Forgiven If You Die

4. Student Loans Are Not Forgiven If You Become Disabled

5. You Can Refinance Your Student Loans

6. You Should Try to Repay Your Student Loans Early

3)If a student loan defaulted, it can take your tax refund?
That means that more of your income is going towards your loans and you get less to spend
during the month. If you’re thinking about repaying any student loan ahead of schedule, try
those with the highest interest rate. If you solely focus on the largest and most current loan,
you will pay more interest that you have to.

4) If a parent has a federal student loan,

the dependency status of the student is not affected by the debt, according to the U.S.
Department of Education. If the parent is not paying the loan, the debt is not reported on the
student's FAFSA form. A parent's loan is not counted as income on the student's FAFSA form.