The federal government took my tax refund for repayment of a student loan that was in default. I made a repayment agreement with the lender and have met that obligation. Is there any way to get my money? I really, really need it. Thanks!
2007-05-12 07:02:59 · 5 answers · asked by benemma1802 1 in Business & Finance ➔ Taxes ➔ United States
If you are under extreme financial hardship, you may be able to get your refund back. It is a difficult process and there are no guarantees.
Try this website:
http://www.ed.gov/offices/OSFAP/DCS/disputes.html#Hardship-IRS
2007-05-13 19:03:43 · answer #1 · answered by Amy F 3 · 1⤊ 2⤋
All repayment agreements include a provision that your tax refund will be used as a payment under the agreement. The only way to avoid that is not to be due a refund until the debt is paid in full. If your budget doesn't work without your refund, you budget doesn't work PERIOD. You either need to reduce your spending or increase your income. A one time refund does neither.
2007-05-12 09:21:33 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
Nope. Your agreement with the lender will include the money from the offset which will reduce your debt. However, if your loan is still in default, they'll continue to offset your tax refunds until the debt is paid in full, agreement or no agreement.
2007-05-12 07:25:46 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋
This question is worth people's attention
2016-08-24 02:07:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I was curious about this too
2016-07-29 03:01:23 · answer #5 · answered by ? 3 · 0⤊ 0⤋