Reconsolidating federal student loans
Note: Stopping tax offsets takes 6-9 months for most people.If you're looking at this article right before filing your tax return, you might want to wait and get this process completed first.
You certainly pay if all if you are able, but we're guessing that if you're here, you're not able to do that.
However, it is possible to get your spouse’s portion of the refund returned to him or her.
It’s important to note that, because there is no statute of limitations for federal loans, the IRS can offset your taxes for every year your federal student loans are in default. First, check all the information in the letter against your records and your loan accounts.
Specifically, if you have federal student loans that you’re behind on, it’s in your best interest to get in good standing before the Department of Education decides to collect your tax refund.
If you’re worried about the IRS taking your tax refund, you’re in the right place.