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emilyegeier
New Member

Every year my tax return is taken for student loans. I was told because of the Coronavirus it wouldnt happen this year. Does anyone know if there is truth to this?

 
3 Replies
NCperson
Level 15

Every year my tax return is taken for student loans. I was told because of the Coronavirus it wouldnt happen this year. Does anyone know if there is truth to this?

that is true - it was part of the CARES ACT signed a few weeks back.  The only garnishment will be for back child support.  

VictoriaD75
Employee Tax Expert

Every year my tax return is taken for student loans. I was told because of the Coronavirus it wouldnt happen this year. Does anyone know if there is truth to this?

As @NCperson noted, your stimulus payment will not be garnished for student loans. However, any offsets outstanding will still garnish refunds related to your 2019 tax return.

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NCperson
Level 15

Every year my tax return is taken for student loans. I was told because of the Coronavirus it wouldnt happen this year. Does anyone know if there is truth to this?

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