I am full-time student near no opening. Do I record for state duty?
I joined the Army right out of large school. Been on involved duty for 8 years and just get out last August. I am a full-time college student beside no job. I never have to file for state tariff before when I be in the Army.I am file my taxes, but the state tax is really massacre my refund. If I solely file for federal tariff, I am getting back plentifully of money. Filing for state tax too will shrink that money TRUE big time. Do I have to directory for state tax if I am simply a student? That's all I want to know. I never file for state tax until that time. thank you
Answers: I would ask the GA State tax dept.
If I am at default with a federal student loan, can they take my tax return? Will they take all of it?
Answers: They could but this is something WAY bigger than your IRS refund. You do know that this loan will NEVER EVER go away right? Yiu can't get rid of it through bankruptcy or any other way. The company you owe this money to actually LOVES that you aren't paying on it because they are making thousands and thousands of dollars off of you the longer you don't pay it. I personnally know someone who let a $19,700 federal student loan go into default. They really thought they were getting away with things by ignoring the letters that the company would send and the phone calls, they even tried moving to get away from this debt. Well about 2 years later they wanted to buy a house and were in a better financial situation so they thought they would just go pay the almost $20k they had been ignoring. They finally called the compnay to find out how much to write the check for and they told him $128,111. That's right! Every month your loan accumulates interest, late fees and penalties all while compounding away and getting much much bigger. Are you still worried about your IRS refund? Time to get on the phone and make an arrangement with them. My friend, he is still paying on the new $100k+ money he NOW owes. Not a smart way to plan your future.
Yes and yes. They can also garnish your wages. You can no longer get rid of student loans via bankruptcy but will be required to pay no matter how long it takes.
You might be able to get a deferment but the interest will still keep racking up.
It really depends on how long you have been in default. You would be best to try to get it "deferred" because of financial hardship. The good thing is, if it is a large amount, they cannot take all of your tax refund (same thing with garnishing your wages) only a certain percent.
I did have part of my tax refund taken last year for an old student loan (about 200.00) but my loan was in default for like 5 years before they did that. But even if you can only pay 5.00 a month!they can't do anything then.
They can, and probably will, take as much of yur refund as the amount you owe including whatever interest and penalties you have accrued.
They will take all of your tax return plus interest if any
The restrictions on the rates rebate for retired relatives?
If our income is less than the amount proposed and we are still paying taxes and file but are retired?Answers: Under the plan passed by the House, anyone receiving merely Social Security would not be eligible for a rebate. However, the Senate is considering an alternate plan so that older inhabitants living only on Social Security and disabled veterans living on parliament benefits would be eligible for a $300 payment.
If you enjoy at least $3000 surrounded by earned income, you would qualify for the minimum $300 rebate whether or not you are on Social Security.
Under the House plan, a single taxpayer would be eligible to receive a rebate of up to $600 if he remunerated that much in Federal Income Tax. If he solely paid $350 contained by taxes (less than the $600 rebate limit), he only get back $350. If he have earned income of at smallest $3000, he will get the minimum rebate of $300.
For married file jointly, you draw from back what you remunerated in taxes up to a aim of $1200.
Click on the referenced site below for more info.
Nothing has passed Congress all the same, so everything is subject to change.
Nothing have been established yet, so dawdle until Congress gets their achievement together and see what it says.