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Can a creditor tax your tax refund?

In: Taxes and Tax Preparation, Debt Counselors and Consolidation, Income Taxes, Tax Refunds [Edit categories]

Answer:

Not just any creditor can intercept your tax refund, but there are certain instances where your money can be seized to secure uncollected debts. Your federal refund can be intercepted for debts ascertained by the Internal Revenue Service, certain federally guaranteed student loans, past due child support, or monies owed to any government or state agency (such as payback of food stamps or even indebtedness to the state department of revenue). Interception of state refunds vary by state, and some instances where your state refund may be applied to a debt may include but is not limited to taxes owed to the state, hospital bills or even past due utility bills.

First answer by Lilyrose1931. Last edit by Lilyrose1931. Contributor trust: 2 [recommend contributor ]. Question popularity: 1 [recommend question].

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Relevant answers:

Can a creditor seize your tax refund?
If the creditor is a government agency, then yes. If the creditor has not won a court settlement to garnish your wages, then no.
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http://www.irs.gov/pub/irs-pdf/p2043.pdfRefer to this link. It is the IRS schedule for tax refund deposits. In general if your return is accepted by the IRS by 11am on Thursday, you will receive your...
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