I plan on filing income taxes for 2007 year?

Question

if you owe loans to like check n go places and credit cards will they take your income tax check?

Answer 1

No, commercial creditors can NOT attach your tax refund. EVER!

Your tax refund can only be attached for debts to the government (including back taxes), unpaid government-backed student loans, or child support that is in arrears.

That said, if you have commercial debts and the creditors get a judgment against you they may be able to capture funds from any bank accounts that you have as well as garnish your wages in some states. If they attach your bank account, as soon as your tax refund hit the bank it could be subject to seizure at that point.

Answer 2

you have misunderstood what you study. For 2008 there's a one-time tax decrease for earnings interior the ten% bracket - the rebate is an boost on that. in case your rebate is extra suitable than the tax decrease could have given you, you do no longer could desire to pay decrease back the extra suitable. so your refund next 12 months would be comparable to it could have been if there were no stimulus invoice (no tax decrease, and no rebate). yet once you do not get a rebate this 12 months and function any tax criminal accountability next 12 months, or in case your rebate this 12 months is under your tax criminal accountability next 12 months and you haven't any longer already gotten the optimum $six hundred, then you will earnings from the tax decrease once you report your 2008 return. What this implies to you is that in case you're able to routinely are transforming into $2000 next 12 months and you get carry of the rebate this 12 months, you will get $2000 next 12 months. in case you probably did no longer get the rebate this 12 months, and could are transforming into $2000 next 12 months, you will get extra suitable than $2000 next 12 months in case you owe any tax, given which you will additionally get the comprehensive thing approximately a one-12 months tax decrease. in case you get the rebate this 12 months, you will no longer get that extra suitable, given which you have gotten already gotten it.

Answer 3

If you mean will creditors take your income tax refund, they can do so only after proper legal procedures. They would have to have a judgment against you for your debts and may be able to use it to claim your tax refund to satisfy the debt.

Answer 4

No, your tax refund would only be seized for certain debts such as overdue student loans, overdue child support, or government debts like for example back taxes.