Tax offset
Date: Fri, 02/26/2010 - 18:50
Tax offset
Hello all. Was wondering, im currently in rehab on defaulted student loans. They have taken past tax returns.. I havent filed this year and the year before yet. If i wait to file until after rehab is complete will the govt also take both of these returns also? Just wondering if i should just file and get it over with or wait it out til rehab is done so they wont take them... Thanks for your help...
Yes, you must wait till the rehab program is over and your loan
Yes, you must wait till the rehab program is over and your loan is out of default. The collection agency can otherwise take the tax refund to apply it towards the loan.
Will a consolidation do the same? will that stop tax offset? tha
Will a consolidation do the same? will that stop tax offset? thanks all
Yup....consolidation will pay it off so no default, no tax offse
Yup....consolidation will pay it off so no default, no tax offset.