Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Payroll IRS garnishments (https://www.askmehelpdesk.com/showthread.php?t=146099)

  • Oct 28, 2007, 11:59 PM
    lcresswell
    Payroll IRS garnishments
    What is the legal percentage amount that the IRS can garnish from your paycheck?
  • Oct 29, 2007, 01:17 AM
    charlotte234s
    The Debt Collection Improvement Act authorizes federal agencies or collection agencies under contract with them to garnish up to 15% of disposable earnings to repay defaulted debts owed the U.S. government. The Higher Education Act authorizes the Department of Education's guaranty agencies to garnish up to 10% of disposable earnings to repay defaulted federal student loans. Such withholding is also subject to the provisions of the federal wage garnishment law, but not state garnishment laws. Unless the total of all garnishments exceeds 25% of disposable earnings, questions regarding such garnishments should be referred to the agency initiating the withholding action.



    FROM:

    DOL WHD: Fact Sheet #30: The Federal Wage Garnishment Law, Consumer Credit Protection Act's Title 3 (CCPA)
  • Oct 29, 2007, 10:24 AM
    AtlantaTaxExpert
    Looks like Charlotte did some extensive research, so I have NOTHNG to add.

  • All times are GMT -7. The time now is 04:54 AM.