You may not receive tax refunds that are due to you if you don’t pay your student loans. Continue reading to discover exactly what defenses you may have and how you are able to challenge a income tax refund offset.
What exactly is a Tax Refund Offset?
If you default on a student-based loan, the Department of Education may use various ways to gather student education loans. In just one of those, https://www.speedyloan.net/installment-loans-al/ known as income tax reimbursement offset, it relates your debt to your U. S. Treasury Department for collection. The Treasury Department then applies any income tax refunds as a result of one to the re payment of this learning education loan financial obligation. Continue Reading