If someone is being garnished will it affect their tax return..?
2007-01-25 22:35:15 · 6 answers · asked by zzevilonezz 2 in Business & Finance ➔ Taxes ➔ United States
It depends what the garnishment is for. Federal debts (like delinquent student loans) and state debts (like delinquent child support) have first call on any tax refund. Despite their best attempts to convince people otherwise, most other creditors cannot summarily take your refund.
2007-01-25 22:43:13 · answer #1 · answered by skip 6 · 1⤊ 0⤋
No. Being garnished is just like paying a bill. You're going to be taxed on your full income, and your withholding will be based on your full income (and garnishments are not deductible unless the reason for the garnishment is a deductible event--at the moment I can't think of any).
Oops, Skip is right. Federal debts will take your tax return in addition to the garnishment.
2007-01-25 22:47:00 · answer #2 · answered by Anonymous · 0⤊ 1⤋
No garnishment is not a pre-tax deduction. If you made $40,000 you pay tax on $40,000, not minus whatever you paid to the garishee.
2007-01-25 23:51:30 · answer #3 · answered by TommyGirl869 3 · 0⤊ 1⤋
No, unless it's a garnishment that is for something that would otherwise be deductible. That's seldom the case.
2007-01-25 23:50:23 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 1⤋
Shouldn't effect you tax return , unless it is with the federal government. Other places shouldn't have that right.
2007-01-25 23:43:18 · answer #5 · answered by Dorothy S 1 · 0⤊ 1⤋
No.
2007-01-25 22:41:36 · answer #6 · answered by Anonymous · 0⤊ 1⤋