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

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

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.

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

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

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

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

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