How will a discharged student loan affect my federal tax return?
Friday, May 29th, 2009 at
3:38 am
bren62wil asked:
Can the federal government take my tax return if my student loan has been discharged due to a disability.
Can the federal government take my tax return if my student loan has been discharged due to a disability.
Tagged with: Disability • Federal Tax Return • Student Loan
Filed under: Student Loans
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Call 1-800-304-3107 and see if FMS is showing your refund as being subject to an offset or not.
If the loan was dispersed they should not take your taxes. You may have to send them a copy of your discharge papers.
If the loan is discharged, IRS should not keep your tax refund.
Normally, debt cancelled must be reported as income on the tax return.
Read about debt cancellation,
Was it actually discharged or just put into uncollectable status?