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How to Stop Student Loan from Taking Your Tax Refund

There are many people out there that know all about tax refund garnishment and what it entails and this especially covers those that have dealt with student loan debts. The garnishment of the tax refund that an individual may have is not to be overruled by the individual. After an individual is done with the education, there is a period that he or she is given to have the loan cleared. The tax refund that an individual is to receive may be garnished if he or she gets to default payment of the student loan. Before the tax is garnished, there is a notice that the individual with the student loan will receive a warning about the garnishment. The notice is in place so that the defaulter may handle the loan repayment in time. The notice that the individual receives is the tax offset notice and is a good way to give an individual time to take action before the garnishing is done. The letter that the loan defaulter gets is sent to him or her months before the time when the tax will be taken and so an individual may have ample time to handle the issue.

The defaulter gets the offset notice early so that he or she may have no excuses about getting late notices. There are benefits that an individual may get from the notices that are sent based on the tax garnishing. There are several criteria that an individual may use in the avoiding of tax refund garnishment. When handling the tax refund garnishment issue, there are documents that an individual is required to have to support the defaulter’s side on the garnishment of the tax refund. This article shows how an individual may stop his or her student loans from taking the tax refunds.

One way an individual may stop the student loan tax garnishment is if he or she paid some or all the loan. The best way an individual may avoid the tax refund garnishment is by repaying the loan that exists. When an individual has finished repaying the loan then the individual is liable to receive a full tax refund. An individual may have the offset notice sent to him or her and have incorrect information about the loan on it. The money that an individual owes is what will determine the amount that the individual gets as a tax refund. In case there is an incorrect amount listed on the offset notice, an individual should have the receipts supporting that he or she made the payment as that is one of the only ways that he or she may avoid the tax refund garnishing.

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