Why tax refunds could shrink for millions of Americans as debt collection resumes in January

Tax refund garnishment: Millions of Americans with defaulted federal student loans face a significant change. Starting January 2026, the government will resume aggressive debt collection. This means tax refunds, including vital credits, could be seized. Paychecks may also be garnished. Social Security benefits are also at risk. This marks the end of pandemic-era protections for borrowers in default.

from International-News-Economic Times https://ift.tt/3jGKPtr

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