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posted Jun 4, 2019 11:24:50 PM

My wages are being garnished due to a student loan. What do I do with that on my taxes this year?

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2 Replies
Level 15
Jun 4, 2019 11:24:51 PM

Garnishment of wages for an unpaid debt is not reported on a tax return.  You report your income as received regardless of how that income was used.

Level 15
Jun 4, 2019 11:24:53 PM

If the payments covered interest payments then you can deduct up to $2500 on your return ... you should get a
1098-E in January.  And expect any federal or state refunds to be grabbed to satisfy the debt as well.