Why did child support Take my stimulus check?
Why did child support Take my stimulus check?
Stimulus check money is generally not subject to reduction or offset to pay back taxes or other debts owed to the federal or a state government. However, if you owe child support, the IRS can use the money to pay arrears. That’s why the IRS is making the payments described above.
Will I get a stimulus check if I owe student loans?
If your federal student loans are in default there’s good news: You’ll get a temporary reprieve on wage garnishment and you’ll also get a stimulus check from Uncle Sam. Under the CARES Act, the government won’t withhold the money you owe for defaulted federal student loans out of your payment.
What will stop you from getting a stimulus check?
If your income is high enough, your check will be completely phased out and you’ll get nothing! For single people, that happens if your adjusted gross income (AGI) is above $99,000. If you’re married and file a joint tax return, you’ll get nothing if your AGI exceeds $198,000.
Can a collection agency take my stimulus check?
This may come as a shock, but private debt collectors can seize your stimulus check. Here’s what you need to know. That $1,200 stimulus check may be gone faster than it arrived. If you owe money for your private student loans, credit cards or medical bills, your stimulus check may be at risk.
What creditors can take your stimulus check?
Debt collectors might also be able to seize your stimulus check. They can’t do so directly—creditors aren’t going to contact the IRS and have your money diverted to pay off what you owe. But they can garnish your bank account if they have a judgment against you or seek a judgment to do so.
Will the trustee take my stimulus check?
The federal stimulus package, which is also called the CARES Act, directs the IRS to send you a stimulus check. The good news is that the U.S. Trustee’s Office has issued a notice to all Chapter 7 and Chapter 13 Trustees that it does not expect the Trustees to be taking federal stimulus funds from Bankruptcy filers.
Will the Chapter 13 trustee take my tax refund?
Tax Refunds in Chapter 13 Bankruptcy You’re required to contribute all disposable income to your Chapter 13 plan. If your plan pays less than 100% to creditors, the trustee can keep your tax refund. It won’t reduce your plan payment, however.
