If you have garnishments placed on your check which are taken out twice monthly, does that mean when income tax time runs around that they will also take your refund?
2007-12-27 08:22:08 · 8 answers · asked by luckygirl 2 in Business & Finance ➔ Taxes ➔ United States
one is for a student loan that now i only owe like $ 500.00 on and the other is for State Taxes
2007-12-27 08:32:58 · update #1
not necesarily, somebody has to file a claim with the IRS to get your refund. Garnishment claims have to fall under certain catagories, like back child support, student loans, and owing the govt money.
www.irs.gov/localcontacts/index.html might give you the # to call to see if you have any garnishments to your return. If you do, and you're filing jointly, use the "Injured Spouse" form, that way you'll get the refund due to your spouse.
2007-12-27 08:35:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Depends. If it's child support, back taxes, or federal student loans or some other federal debt, yes they can take your tax refund. If it's just regular debt, like a defaulted credit card, no.
You should adjust the amount withheld thru the year so that you don't have much in the way of a refund at the end of the year. You could have used the extra bucks in the paycheck to pay your debts and save some interest.
2007-12-27 16:28:17 · answer #2 · answered by bdancer222 7 · 1⤊ 0⤋
Oh yeah, they certainly will. I have owed the IRS for back taxes for some years now. They took all my tax returns. I finally got smart and filed a Chapter 13 bankruptcy, which included my IRS debt. I have been paying for years now but the Ch 13 prevented anyone from garnishing my wages.
It will be all paid off on 2010. I sure hope I live that long!
2007-12-27 16:27:41 · answer #3 · answered by Sufi Musfaad 3 · 0⤊ 0⤋
COuld be. Depends on the garnishment really. Child support and back taxes are a definite.
2007-12-27 16:25:16 · answer #4 · answered by MJ 6 · 0⤊ 0⤋
Only if the garnishment is for child or spousal support.
If it is a garnishment from say, a small claims case, they have no way to get your tax refund, only from your wages.
2007-12-27 16:25:34 · answer #5 · answered by progunr 5 · 1⤊ 1⤋
It depends on what they are for, but for student loans and state taxes, yes they'll take your refund.
2007-12-27 17:47:42 · answer #6 · answered by Judy 7 · 0⤊ 0⤋
Yes they will! The vampires!
2007-12-27 16:25:16 · answer #7 · answered by okie's back 3 · 0⤊ 0⤋
Yes it will.
2007-12-27 16:24:28 · answer #8 · answered by Anonymous · 0⤊ 0⤋