not really to sure?

Question

they are garns my wages out of my pay check from my credit card, dose that mean at the end of the yr when i go and file my income taxes, im going to have to owe the irs? sumone help me please! im not really sure

Answer 1

The answer is, unfortunately, "maybe".

Your employer SHOULD be withholding state and federal taxes out of your salary. It should be noted on your pay stub every pay period.

When a company withholds taxes, it is putting a certain percentage aside as an estimate what your actual taxes may be.

Your actual taxes may be different than your withholding, as determined by the tax calculation you do every year. If somebody else does it for you, you should ask them for help. If you don't file, then you had better file because tax liens never go away and only get worse.

If you are not sure, then a rule of thumb is that low to lower-middle class employees USUALLY do not end up paying taxes due to exemptions, the standard deduction and the taxes already withheld to pay. If you want the answer, go to www.irs.gov and do a mock filing of a 1040EZ for 2006. Tax rules usually don't change that much from year to year, so you should get your answer. I can't tell you for sure without seeing your papers.

The garnished wages only come into play in that you pay taxes on your gross salary, not the net salary after garnishings.

Answer 2

Possibly. Your employer should be withholding state and federal taxes on the money you make (taking the garnishments after taxes). If not, you will have to pay. The other bad thing is that depending on what the court ordered and how much you owe, the credit card company could have a lien on your taxes so that they get what you should be getting as a return.

Answer 3

Garnishing your wages should not impact your tax refund at all. If your employer was withholding a sufficient amount of money to cover your tax liability before the garnishment, you'll be fine at tax time. If your employer wasn't withholding enough, you'll owe money, and that would not be any different if your wages were not being garnished.