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???
2007-01-23 07:59:38 · 6 answers · asked by PASSIONS 2 in Business & Finance ➔ Taxes ➔ Other - 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.
2007-01-23 08:57:58 · answer #1 · answered by porselin 2 · 0⤊ 0⤋
at the start, are you utilising for provides you as properly as student Loans? I ensue to appreciate for A fact, that in case you have any tax liens against you, yet you have an approved repayment plan in place (deferment, month-to-month money, different charge arrangements, and so on), this would not impression your skill for student loans. returned, as long as your account is in sturdy status, regardless of the coding could instruct, you're able to desire to be eligible for some style of help. till now utilising for student loans, I propose which you prepare for any available provides you (federal and state) so which you do no longer could desire to pay those returned. Then, in case you experience you nonetheless want extra money for academic costs, then prepare for student loans.
2016-11-26 21:38:43 · answer #2 · answered by Anonymous · 0⤊ 0⤋
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.
2007-01-23 08:09:21 · answer #3 · answered by Goyo 6 · 0⤊ 0⤋
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.
2007-01-23 08:05:45 · answer #4 · answered by whatevit 5 · 0⤊ 0⤋
check out this site! they'll help you lower your student loan payments significantly.
2007-01-23 09:00:18 · answer #5 · answered by Anonymous · 0⤊ 0⤋
I don't think they will bother you
2007-01-23 08:03:23 · answer #6 · answered by madtyga2002 4 · 0⤊ 0⤋