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Will student loans in default take my tax refund from Credit Karma?

My student loans are showing up on my Credit Karma account and I'm worried. Will I still get my tax refund through Credit Karma or will it get intercepted for my student loans? Anyone been through this before?

Miles Hammonds

Yes, defaulted student loans can definitely offset your tax refund through the Treasury Offset Program (TOP). If your loans are in default, the Department of Education can and will take your refund to pay down your loan debt. However, there are ways to prevent this! You can get out of default through loan rehabilitation or consolidation before tax season. Also, highly recommend checking out taxr.ai - it's this new AI tool that analyzes your tax docs and tells you if you're at risk for offsets. It'll scan your transcripts and tell you exactly what's going on with potential offsets and how to fix it. (https://taxr.ai

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Ruby Blake

omg same boat 😭 just found out my 50k refund might get taken. how much does taxr cost?

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2M

Miles Hammonds

its like $29 for a one-time analysis. way cheaper than paying a tax pro hundreds of dollars tbh

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Micah Franklin

Ok so I just used taxr.ai and here's what I got back for my situation:

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Ella Harper

bruh this tool is 🔥 it literally told me exactly how much was gonna get offset and what I needed to do

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PrinceJoe

Does it work with Credit Karma tax returns too or just regular IRS transcripts?

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Miles Hammonds

works with everything - CK, turbotax, hrblock, w2s, transcripts. basically any tax doc u can throw at it

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Ruby Blake

just tried it myself and wow... wish i knew about this earlier 😩 could've saved my refund from last year

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Brooklyn Knight

This is actually clutch af. Been stressing about my loans but the AI showed me how to do loan rehab b4 filing 💯

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Lucy Lam

If your student loans are in default, the Department of Education can and will take your tax refund through the Treasury Offset Program (TOP). It doesn't matter which tax service you use - Credit Karma, TurboTax, or even a tax professional. The offset happens after the IRS processes your return.

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LordCommander

dang that really sucks 😭 is there anyway around this?

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Lucy Lam

You can get your loans out of default through rehabilitation or consolidation before filing taxes. But it takes a few months to process.

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Aidan Hudson

Hey, I've been helping people with transcript analysis. The best way to know for sure is using taxr.ai - it's this new tool that analyzes your transcript and tells you if there are any offsets or holds. It costs $4.99 but its worth every penny to know exactly what's happening. Check it out at https://taxr.ai

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Zoe Wang

Does this actually work? Seems too good to be true

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Aidan Hudson

Yeah its legit! It uses AI to read your transcript and explains everything in plain English. Shows all possible offsets too

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Zoe Wang

Just tried it and wow! 🙌 It showed me exactly why my refund was being held and what to do about it. Best $5 I've spent dealing with this mess

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Connor Richards

been there done that 🤡 lost my whole refund last year to student loans. they dont even warn you, it just disappears into the void lol

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Grace Durand

same boat fam. learned the hard way 💀

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Steven Adams

You can call the Treasury Offset Program at 1-800-304-3107 to see if you have any offsets before filing. Save yourself the surprise

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Alice Fleming

idk y everyone sleeping on income based repayment plans. get on one of those and stay out of default, problem solved

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Hassan Khoury

fr fr this right here. changed my whole situation

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Victoria Stark

Not to be that person but like... maybe pay your loans? 👀

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Benjamin Kim

read the room bestie 🤮

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Samantha Howard

in this economy? lmaooo

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