Wage Garnishments from Taxes

A wage garnishment means that the government is taking money directly out of your wages, salary or commissions. This is considered enforced collections and bank account levies typically follow.

Employers are required by law to abide by a garnishment request by the government. Once a garnishment is served and enforced, the garnishment continues until your tax debt is paid in full or other arrangements are made to satisfy the debt, or the time period for collecting expires.

The percentage of money that can be garnished varies widely from state to state and with the IRS. To halt having wages garnished, you will likely need professional help, because the government often is happy to let you pay off the tax debt using this manner, without regard for your personal or business cash flow needs.

The IRS also can garnish the following direct payments:

Federal retirement annuities
Social Security benefits under Title II of the Social Security Act (OASDI)
Federal contractor/vendor payments, or
Federal employee salary and travel payments.

To resolve your tax problems, please contact Larson Financial today.

The information provided on this website is for general guidance and to offer the user general information on particular subjects of interest. It is not intended to constitute legal, accounting, tax or other professional advice or services. To the extent that this site concerns tax matters, it is not intended to be used and cannot be used by a taxpayer for the purpose of avoiding penalties that may be imposed by law.
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