Wondering Where Your Tax Refund Might Be? Check Your Student Loan Debt
By now millions of taxpayers have already filed their returns and have received their refunds. Still, there are others who are waiting for that check to show up in their account. For some, that wait can be very difficult and even cause a little anxiety. In most cases, there’s no need to worry. Just give it enough time and the IRS should be sending your refund soon. On the other hand, for some people who owe money on their student loans, the news might not be so good.
Several taxpayers are discovering this year that the refund they were expecting to get has instead been allocated for something else: to pay off their student loan debt. While this may come as a surprise to many, the law allows the Department of Education to take your tax refund if your student loan debt is in default. They can do this by using the Treasury Offset Program, which allows federal payments you would have otherwise received, to be taken and used to pay off debts to federal agencies.
However, according to the law, anyone who has a loan in default should first receive a warning that his or her tax refund could be used for paying down that student loan debt. In addition, if you do lose part or all of your refund, you can contest the decision. However, in order to win your protest essentially you have to prove that your student loan is not actually in default.
Giacomo Marini – The Man Who Builds Tech Giants
Giacomo Marini, the cofounder of Logitech, a Silicon Valley-based entrepreneur and investor with extensive hands-on management experience in starting and growing new businesses, identifying, and leveraging emerging technologies, developing, and growing great management teams capable of operating on a global level. Marini has been Chairman and CEO of Noventi Ventures, a Silicon Valley-based technology investment…
Goodbye 2021, Hello 2022!
Goodbye 2021, hello 2022, finally! Here’s a brief review of our 2021; goals for 2022 to follow shortly. In so many ways we are glad 2021 is behind us. It was a very difficult year for many businesses and individuals; too many had businesses closed, experienced hardships and lives were shattered and lost. Our heartfelt…
Why You Should be a Philanthropist
This article has been Updated: Why should you be a Philanthropist? Because life is full of opportunities. There are opportunities to start something new, like a business or a family, as well as opportunities to make a difference. Many of the world’s wealthiest people start their road to success and wealth with the single objective…
Pulak Sinha – The Dawn of Asset Tech
Pulak Sinha is the Founder & CEO of Pepper. Pepper is the next generation of smart digital infrastructure for asset managers bringing together the latest in cloud, artificial intelligence, open architecture, and user interface technologies. This new asset tech by Pepper represents the dawn of new and powerful tools allowing their customers to provide vastly…