If you have a IRS tax debt what is the most Percentage they can garnish from your paycheck?
If you have a IRS tax debt what is the most Percentage they can garnish from your paycheck
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June 28th, 2010 at 5:21 am
25% of your gross pay, which is usually 50% of your net.
June 28th, 2010 at 5:59 am
25 % unless it is for child support in which case it would be as much as 65%.
June 28th, 2010 at 6:56 am
25%.
Although they are not bound by your state or local rules, Illinois imposes a maximum of 15%.
If 25% would be a hardship, you may be able to talk them into garnishing a lower percentage, or accepting an offer in compromise, if you provide a financial statement.