Was your tax refund intercepted to pay your student loans? | Milwaukee, WI

BREAKING NEWS:   U.S. Department of Justice announces new rules to discharging federal student loans. Find out if you qualify TODAY!

Milwaukee 414-250-7880         Madison 608-465-4594         Green Bay 920-626-3125

Serving all of Wisconsin
Toll-free 866-906-5634  Milwaukee  414-250-7880     Madison  608-465-4594     Green Bay 920-626-3125

Our 3 Step Process

Step 1:
Get Out Of Debt

Step 2:
Clean Up Your Credit

Step 3:
Build Your Score

Home 9 Asset Forfeiture 9 Was your tax refund intercepted to pay your student loans? (1 of 2)

Was your tax refund intercepted to pay your student loans? (1 of 2)

by | Apr 10, 2015 | Asset Forfeiture

Student loan debt is a major problem in the United States, and is something the lawmakers promise that they are working on. However, in the meantime, it is causing many headaches for hardworking Americans who cannot afford to keep up with their student loan payments.

One headache that was reported frequently to Credit.com this tax season was tax refunds being intercepted by the government to pay student loan debt.

Credit.com reported is that the Department of Education has the right to take your tax refund if you are in default on your federal student loans, which is defined as being 270 days late or more on your payments.

The government can do this through the Treasury Offset Program, which allows certain federal payments such as tax refunds and Social Security checks to be intercepted in order to pay other federal agencies that are owed a debt.

People who were in default on their student loans should have received a notice letting them know that their tax refund could potentially be seized, along with instructions on how to review their loan information and avoiding having their refund intercepted.

However, not everyone actually received the notice, while others failed to take action. Either way, the interception made for some very unhappy taxpayers.

If you are an unhappy taxpayer who found yourself in this situation this tax season, make sure you know your rights, which we will discuss in our next post.

Although it may not be possible to get your refund back (except under limited circumstances) there are steps that you can take to avoid having this happen again, and to get your student loans out of default.

the secrets about bankruptcy they don't want you to know

Complete this form to receive your FREE copy of Attorney Miller’s book, The Secrets About Bankruptcy They Don’t Want You to Know. Order today to begin your personal journey toward true financial freedom.

Sidebar (Book Request)