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unpaid student loans

2007-01-11 12:46:10 · 4 answers · asked by blog 1 in Business & Finance Taxes Other - Taxes

4 answers

The only way to find out for sure is to actually fill out the forms (you can download them from the IRS website, pick up paper copies at your library, or buy one of those tax filing software programs) or have your taxes done by a professional.

You'll need to know your year-end earnings and tax witholdings (federal and state) for every job you had in 2006. You'll also want to have an idea of what deductions you'll be taking (student loan interest paid, for instance).

You don't have to file for three more months, so if you owe money you'll have plenty of time to get the cash together before April 15th. In the meantime, definitely make a payment on your student loans so your credit doesn't take a hit.

2007-01-11 13:07:30 · answer #1 · answered by celeste 3 · 0 0

I assume what you're asking is whether they'll grab your refund for unpaid loans. They might - but they're going to get their money sooner or later anyway, so you might as well pay up.

If they took your refund last year, or if you received a notice that your student loans are in default, then they probably will take it.

2007-01-11 21:32:36 · answer #2 · answered by Judy 7 · 0 0

tax estimation - some tax professionals will do this to see if you are on track with your withholding

2007-01-15 14:40:44 · answer #3 · answered by Dizney 5 · 0 0

if you had to pay in past yrs and you havent changed your filing status, it would stay close to what you had to do in prior yrs

2007-01-11 20:51:10 · answer #4 · answered by francis g 5 · 0 1

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