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How Can I Stop Student Loans from Taking My Taxes?

Credit Corp

If it does, you’ll receive a refund offset notice in the mail in advance of the proposed refund garnishment. If you pay your student loan balance before the IRS issues your tax refund, your refund won’t be garnished. To garnish—i.e., take—your tax refund, lenders have to go through the Treasury Offset Program (TOP).

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Congress Passes Relief for Student Loan Borrowers in CARES Act

Titan Consulting

Interest Holiday : Interest will not accrue during the payment suspension period. Stopped Involuntary Collection Activity : The Department of Education suspended wage garnishments, Social Security garnishments, and tax refund offsets on federally held student loans. How to Get the CARES Act Benefits?