What percentage of a person's salary can be withheld for back taxes?
2007-12-05 19:00:28 · 4 answers · asked by kenny_scarface 4 in Business & Finance ➔ Taxes ➔ United States
For federal taxes it varies. For a single person, everything in excess of $729.17 per month. Publication 1494 (see link) has the table. I deal with this kind of problem professionally. You can email me through my profile if you want information outside the forum.
2007-12-06 02:53:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
This is not necessarily a question of percentages. If you owe back taxes and have received an intent to levy, what the IRS will garnish from your wages depends on several variables. If you go to www.irs.gov and print out Publication 1494, this is a table that shows what the minimum amount the IRS will find exempt of your income based on when you are paid (i.e. daily, weekly, biweekly, etc), how many exemptions you claim, and other factors that affect your living expenses.
2007-12-06 13:41:15 · answer #2 · answered by JK Harris 3 · 0⤊ 0⤋
Actually it's a wage attachment if it's taxes. Garnishment requires a court order. The tax authorities can attach your wages wihout a court order.
Basically they can take a significant portion (up to 50%) of your disposable income. You'll be asked to provide information and documentation on your living expenses. If you fail to respond to that request (and strangely most people do ignore it) they will assume that all of your pay is disposable and base the attachment on that.
If you're facing wage attachment, contact the IRS and work out a payment plan immediately. At least you'll have some control over how much you're paying. If it goes to wage attachment, you'll be sunk as far as negotiating a payment plan.
2007-12-06 06:16:18 · answer #3 · answered by Bostonian In MO 7 · 1⤊ 0⤋
The term is wage garnishment, not withholding. Go to www.irs.gov and search for garnishment.
2007-12-06 03:04:19 · answer #4 · answered by Anonymous · 0⤊ 0⤋