I had my federal refund offset to pay towards my student loan and owed taxes to the state. With these new rules being implemented in regards to tax garnishments being suspended does this mean I'll get

[xmasbaby0]

Your question was cut off mid-sentence---was the rest going to be about getting your money back? No, you will not.  Refunds that were offset before the bill passed will not be given back to you.

[HelenC12]

@xmasbaby is correct. You won't get your federal refund back since the garnishment happened before the CARE's act.

If you're asking if your stimulus check will be offset to pay your student loan debt, no, it won't be offset for student loan debt.  

• The Act suspends all involuntary collection of defaulted Direct Loans and Department-owned FFEL loans until September 30, 2020. This explicitly covers non-judicial wage garnishment, tax offsets, and federal benefit offset (e.g., seizure of Social Security benefits). There is also a catch-all provision to cover other types of involuntary collection by the Department of Education. Source: DawnCO

[Edited 4-1-2020|5:55 am PST]

[wcorsa]

So.... when I called them and asked if I was getting that money refunded at myeddebt etc and they said yes it was bs? Which is it? And why does nobody have a real answer? 

[JohnB5677]

If your debt exceeded your refund, I would not expect any refund.

Only in very rare situations can you deduct losses in your Roth IRA account. To qualify for the deduction, you must close all of your Roth IRA accounts, including Roth IRA accounts that have profits.

[Danee Brown]

I have a similar question. I have yet to file my federal or my state taxes with Turbo Tax, they are done. I am in the process of getting my loan rehabilitated. And the company handling my loan said that it will take 5 months for me to get the loan back in good standing. I asked if they were going to seize my federal return before this Covid-19 outbreak and the passing of the Bill by Mrs. Devos to help out people with their student loans. And they said that it would be seized. Now I called them back this week and asked them if my return was going to be seized or not and they quoted the Statement that is on the US Department's website. And it states that returns and wage garnishments are currently being suspended as of March 13, 2020. But they could neither confirm if my return would be seized or not? So my question is if I e-file my return will I have it seized.  I am just wanting to know so that I can use this money to getting some home improvements done.

[JohnW222]

@Danee Brown

Please see the information linked below.  Note that this refers to federally-owned student loans.

According to the Consumer Financial Protection Bureau’s What you need to know about student loans and the coronavirus pandemic page,

“The Department of Education has stopped the collection of defaulted federally-owned student loans including garnishment of wages, the offset of tax refunds, and Social Security benefits. There is no additional action required from you for your federally-owned loans. For all other loans you may have, contact your servicer to find out about your options.”

[wcorsa]

Funny how both experts don't know what the hell they're talking about. I received a letter that I'll be receiving a refund for the $ offset.