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lizharo
New Member

I am concerned about Income tax garnishment for Student loans. I have read articles stating that no student loans are being collected until August of 2020. Is this true?

 
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3 Replies
MinhT1
Expert Alumni

I am concerned about Income tax garnishment for Student loans. I have read articles stating that no student loans are being collected until August of 2020. Is this true?

There is no provision in the new CARES Act which prevents the IRS from offsetting your refund for delinquent student loans.

 

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I am concerned about Income tax garnishment for Student loans. I have read articles stating that no student loans are being collected until August of 2020. Is this true?

here is a good article from a reputable source that explains the impact on student loans

 

https://www.forbes.com/sites/adamminsky/2020/03/26/heres-what-the-stimulus-doesand-does-notdo-for-st...

broc8068
New Member

I am concerned about Income tax garnishment for Student loans. I have read articles stating that no student loans are being collected until August of 2020. Is this true?

Though MinhT1 is technically correct about no provisions preventing the IRS from offsetting, the article he posted does state the following regarding the dept of educations collection of tax refund offsets..

 

"The Department of Education   and will cease wage garnishments, Social Security offsets, and tax refund seizures,"

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