Can my stimulus check be garnished?
Here are the rules.
In general, your stimulus check cannot be redirected to cover a debt, but there are exceptions you’ll need to know..
Who can take your stimulus check?
Private banks and creditors may be able to seize a payment to cover an outstanding debt. Some states, such as California, have issued orders forbidding banks and creditors from garnishing your stimulus check.
Can banks take stimulus check?
Under the CARES Act, banks have the implicit right to take stimulus payments that have been deposited into customers’ accounts to offset delinquent debt or unpaid fees. Four of the largest US banks have promised not to take people’s stimulus money, but many Americans who bank elsewhere are still vulnerable.
Can they take money out of my stimulus check?
According to the CARES Act, stimulus checks cannot be seized to offset a tax debt. That means if you owe money on your taxes, or are currently on a payment plan to repay your taxes, the federal government cannot take your stimulus check from you to pay off that debt.
Will I receive a stimulus check if I owe taxes?
If you owe federal taxes or have other federal debts, the IRS will not reduce your stimulus payment to cover those, with one exception we know of. … If you weren’t required to file a tax return, you can still qualify for a stimulus check.
Will I get a stimulus check if I owe student loans?
Federal student loan debt won’t affect your stimulus check either.