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Will my garnished refund from Student loans be refunded?

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2 Replies
ColeenD3
Expert Alumni

Will my garnished refund from Student loans be refunded?

Since the CARES Act is still working its way through Congress and has not been signed into law, there are some questions that can't be answered definitively at this time. Please check for updates here (TT link) and here (IRS link).

The IRS has not released complete information yet. Please see these links.

 

https://turbotax.intuit.com/coronavirus/

https://www.irs.gov/coronavirus

Stimulus payment checks: No information available yet, No sign-up needed

At this time, the IRS does not have any information available yet regarding stimulus or payment checks, which remain under consideration in Congress. Please do not call the IRS about this. When the IRS has more specific details available, we will make it available on this page.

News Releases

  • IR-2020-59, IRS unveils new People First Initiative; COVID-19 effort temporarily adjusts, suspends key compliance program
  • IR-2020-58, Tax Day now July 15: Treasury, IRS extend filing deadline and federal tax payments regardless of amount
  • IR-2020-57, Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave for workers and tax credits for small and midsize businesses to swiftly recover the cost of providing Coronavirus-related leave
  • IR-2020-54, IRS: High-deductible health plans can cover coronavirus costs

@zsbadami

ColeenD3
Expert Alumni

Will my garnished refund from Student loans be refunded?

UPDATED: On March 25, 2020, ED announced that my federal tax refund would not be withheld to repay my defaulted federal student loan debt. My refund has already been taken. Will I get it back?

 

Yes, but only if your federal tax refund was in the process of being withheld—on or after March 13, 2020, and before Sept. 30, 2020—for the repayment of a defaulted federal student loan. Your federal tax refund will not be returned to you if the process to withhold your refund was completed before March 13, 2020.

If you have questions about whether your federal tax refund was withheld, call ED’s Default Resolution Group at 1-800-621-3115 (TTY for the deaf or hearing-impaired 1-877-825-9923).

 

@zsbadami

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