Will Irs Take Refund For Student Loans 2025

Will Irs Take Refund For Student Loans 2025. These include deductions for educator expenses, ira contributions, student loan interest and tuition payments. Through the end of 2025, no borrowers will pay federal income taxes on any student debt discharged by the federal government.

Mcmahon will inherit a student loan system where she will have to turn wage garnishment back on,” said mike pierce, executive director of the student borrower protection. If you have federal student loans that are in default, you may receive a letter in the fall notifying you that the irs plans to take your potential tax refund and apply it to your.