When your wages are garnished do they take from every paycheck or once a month?
2007-11-05 08:26:38 · 6 answers · asked by santobugito 7 in Business & Finance ➔ Taxes ➔ United States
I'm not the one being garnished....lol..I'm on the receiving end of it.
2007-11-05 08:51:36 · update #1
Every paycheck. 25% of takehome for an ordinary garnishment, 50% for child support. IRS takes 100% of the excess over the prorata share of standard deduction and excemptions (this means the amount of wages you get that are taxed at zero percent are exempt from levy. Thats $168.27 per week for a single person.)
2007-11-05 09:49:57 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Employers are required to deduct in accordance with a formula that takes a percentage of "disposable income". This generally means gross income less required withholding taxes.
The garnishment is required to be withheld from every paycheck and forwarded to the recipient in the first 10-15 days (depending on who is doing the garn.) of the next month.
2007-11-05 11:33:11 · answer #2 · answered by Hank Roitman, EA 4 · 0⤊ 0⤋
They DO take out of every single paycheck until the debt is paid, BUT, it is NOT 50%...... It's usually below 25% so on a $600 check, they might take a little less then $150 a check. Garnishments also look VERY BAD on your credit report... and your credit report has a lot to do with not only your ability to get credit, but also, the cost of your AUTO INSURANCE... bad credit = higher car insurance costs.....
2007-11-05 08:51:49 · answer #3 · answered by LittleBarb 7 · 0⤊ 0⤋
The IRS garnishes from each paycheck.
2007-11-05 08:38:03 · answer #4 · answered by Gav 3 · 0⤊ 0⤋
Every paycheck.
2007-11-05 08:39:26 · answer #5 · answered by Judy 7 · 0⤊ 0⤋
they get you every time you get a check, even a bonus, legally for up to half your earned income.
sorry, hun.
2007-11-05 08:35:18 · answer #6 · answered by emilystartsfires 5 · 1⤊ 1⤋