Taxpayer asks:
Heeello! I was wondering if it is true that my stimulus payment could be taken for outstanding hospital bills I have yet to pay? If so, “How will that help boost the economy?”
Thanks for your time…
Taxgirl says:
The short answer is no. Rebates are being withheld or reduced for federal obligations such as past due student loans, back taxes or child support payments.
However, if you owe money to the government as a result of your care, that would change my answer.
You can find more information about why your tax rebate might be smaller than anticipated at my prior post.
Like any good lawyer, I need to add a disclaimer: Unfortunately, it is impossible to give comprehensive tax advice over the internet, no matter how well researched or written. Before relying on any information given on this site, contact a tax professional to discuss your particular situation.
Have a question? Ask the taxgirl!
Similar Posts:
- Ask the taxgirl: Extending/Amending Returns and Rebates
- Ask the taxgirl: 2007 Liability and Rebates
- Ask the taxgirl: Will the rebates affect my tax due?
- Ask the taxgirl: Rebates for those who owe back taxes?
- Ask the taxgirl: Rebates and foreign taxpayers
{ 1 comment… read it below or add one }
IF A PERSON DEFAULTS ON A GOVERNMENT HOME LOAN, WILL THEIR TAXES BE DECREASED BY THE TOTAL AMOUNT OF DIFFERENCE BETWEEN THE RESALE PRICE AND THE BALANCE OF THE ORIGINAL LOAN, OR IS THERE A CAP ON THAT AS TO HOW MUCH CAN BE TAKEN AND HOW OFTEN?