Wage garnishment is the most common type of levy, and usually the biggest surprise when it happens. It’s the process of deducting money from your salary. IRS wage garnishment is a powerful collection tool. Depending on your circumstances, options may be available to address it, and acting promptly can help you understand and protect your rights.
The I.R.S. doesn’t need for a court order, so you may not see it coming. They can and will garnish up to 100% of income in some circumstances, however the federal garnishment limit on a weekly basis is the lower of (A) 25% of one’s disposable earnings (what’s left after mandatory tax deductions), or (B) the total amount by which one’s weekly wage exceeds 30 times the federal hourly minimum wage. Wage garnishments continue until the entire debt is paid or arrangements are made to pay off the debt with the I.R.S.
That’s where we come in. If this is happening, call us now at 1-888-222-8814.
When a garnishment is served on an employer, under law the business must act quickly. When processing payroll, sometimes there is not enough money in the employee’s net pay to satisfy all of the garnishment. Employers receive a notice telling them to withhold a certain amount of their employee’s wages for payment and they cannot refuse to garnish wages until and unless a release is obtained. Employers must correctly calculate the amount to withhold and make the deductions until the garnishment expires.
I.R.S. wage garnishment can negatively affect your credit and the ability to receive a loan or open a bank account, and they can continue until the entire debt is paid off. Perfect Tax Relief can help in removing your IRS Wage Garnishment, many times