In the event your federal student education loans have standard, the government is also keep back their federal income tax reimburse to settle your own funds, labeled as income tax garnishment

The federal government can keep back your own government taxation refund if you have defaulted in your government college loans. Learn how to stop student loan income tax garnishment. ( Shutterstock )

If you default on your federal student loans, you can run into some financial issues when it’s time to pay your taxes. Your loan holder can withhold some or all of your federal income taxation refund to expend your own student loan obligations, also known as tax garnishment. Before you file your taxes, it’s important to deal with your loans that are in default.

Here is particular even more understanding of just what education loan taxation garnishment is actually, how it operates, and the ways to prevent student loan taxation garnishment. (more…)