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emilyegeier
New Member
posted
‎April 6, 2020 6:57 PM
last updated ‎April 06, 2020 6:57 PM

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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NCperson
Level 15
‎April 6, 2020 7:01 PM

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.  

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VictoriaD75
Employee Tax Expert
Employee Tax Expert
‎April 6, 2020 8:55 PM

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
‎April 7, 2020 4:33 AM

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?

https://www.irs.gov/newsroom/installment-agreement-direct-debit-frequently-asked-questions

 

please read this link 

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