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| *Loan,banking and credit>>>income tax |
How can i find out if my income taxes will be held because of my student loans? |
How can i find out if my income taxes will be held because of my student loans? The Department Of The Treasury's Financial Management Service, who processes refund payments for the IRS, will notify you if they are turning over an overpayment to whoever holds the paper on your loan. It is this agency, and not the IRS, that would have this information. They notify the IRS that the amount was taken, but not by whom. Note that this withholding would only happen if you are indebted to the federal or other government due to their guarantee of your loan. Source(s): http://www.irs.gov/taxtopics/tc203.html... After 6 months of not being in school you must begin paying, or put them on deferrment. If it has been 6 months and your loans are also not on deferrment and you have been receiving bills for the loans..chances are you can kiss your return goodbye. Thanks for reminding me..my loan's deferrment is up next month..I should probably call. |
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