How Do I Know if Student Loans Will Take My Tax Return?
January 6, 20235 min read
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Tax season is the best time of year for anyone receiving a tax return. But for student loan borrowers who have fallen behind on their federal student loans, the Internal Revenue Service could seize their tax refunds to settle the student loan debt.
Every working person or student files a tax return required by federal law. Many people hope to receive a federal tax refund. Tax refunds are payments to the taxpayer due to the taxpayer paying more tax than they owed. However, not everyone receives an income tax refund.