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Jan 23rd, 2013
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IRS and Student Loans #13396318 01/08/20 01:38 AM
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racing75 Offline OP
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If you owe student loans, does the IRS keep all of your income tax or just a percentage?


Men are like fish...If we'd learn to keep our mouth shut, we'd stay out of trouble.
Re: IRS and Student Loans [Re: racing75] #13396320 01/08/20 01:39 AM
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hopalong Online Content
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are you in arrears?


" Hop, set the hook"!


lake fork FISHERMANS COVE MARINA/reservations - 903 474 7479
Re: IRS and Student Loans [Re: racing75] #13396323 01/08/20 01:41 AM
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hopalong Online Content
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" Hop, set the hook"!


lake fork FISHERMANS COVE MARINA/reservations - 903 474 7479
Re: IRS and Student Loans [Re: hopalong] #13396327 01/08/20 01:43 AM
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racing75 Offline OP
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Originally Posted by hopalong
are you in arrears?


Sure am hop. The wife is as well.


Men are like fish...If we'd learn to keep our mouth shut, we'd stay out of trouble.
Re: IRS and Student Loans [Re: racing75] #13396332 01/08/20 01:46 AM
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hopalong Online Content
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read the article I posted


" Hop, set the hook"!


lake fork FISHERMANS COVE MARINA/reservations - 903 474 7479
Re: IRS and Student Loans [Re: racing75] #13396353 01/08/20 02:04 AM
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TR176 Online Content
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The goal for you would be to only have just enough withheld. This should be a minimal issue for you.

Re: IRS and Student Loans [Re: racing75] #13396357 01/08/20 02:07 AM
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https://blog.ed.gov/2017/07/3-ways-to-get-out-of-student-loan-default/

See if you each qualify for loan rehabilitation. Without knowing more about your situation, this is probably your quickest way out of the fire and back into the frying pan. From there, you can work on income-based repayment plans to make the debt manageable and keep the IRS out of it.

As to your original question. YES. The IRS can and will keep every penny of your tax refunds until the student loan debt is either paid, or back in good standing.

Last edited by Uncle Zeek; 01/08/20 02:24 PM.

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