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| *Loan,banking and credit>>>income tax |
IF you owe student loans will they take it out of your income taxes??? |
Im filing taxes this year but i owe student loans but im still inschool at another college will they take it from my income taxes??? If you owe student loans and you are expecting a refund, then your refund is going to the student loan amount that is in default. Make a payment to the Student Loan or try to work something out with them. Otherwise, you jut won't get the refund amount you were looking for. However, you should consider your age. If you are 24 years old or younger, your parents can claim you and you don't file your own tax return depending on how much money you earned during the year. You can figure that out on Publication 501. Source(s): Publication 501 http://www.irs.gov/app/scripts/retriever... You need to have adobe reader for this link to work. If you don't have Adobe reader, just go to www.adobe.com and you can download the reader for free. I don't think they will bother you Yes if you are in default. If the student loan people have been contacting you to pay the student loan, you are in default if you did not comply. Although the student loan is not due to be paid yet, this is the best place to put this money. That depends on what the terms of repayment were on the loans. If they state that anytime you are in school then your loan is not due for repayment, then you should be okay. If it states that after a certain length of time or a change in major or school, then you may be due to begin repayment, then they will probably begin deducting. Before they do that though, you should receive a payment due/loan due notice. If not then they are not allowed to declare default and begin deductions. check out this site! they'll help you lower your student loan payments significantly. http://www.loantaker.info/student/... |
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