What is the Maximum Amount the IRS Can Garnish from your Paycheck? | Flat Fee Tax Service
Updated: Nov 22, 2019
Can the IRS levy and garnish my wages for taxes? Yes, the IRS can garnish you. Yes, the IRS will garnish you. Like most creditors, the Internal Revenue Service (IRS) has the power to garnish and seize your wages if you owe a tax debt. Unlike regular creditors, however, the IRS can levy and garnish your wages without taking you to court and obtaining a judgment, and the amount it can take is more than what regular creditors can take. Fortunately for you, there are procedures that an experienced tax professional can take to stop and release an IRS garnishment.
Tax Relief Options to Deal With Your Tax Obligations
When tax season rolls around and you (or someone else) prepares your tax return, you will either owe the IRS more money or else get a refund.
If you owe a tax debt, there are several ways to resolve your tax problem. You could write a check to IRS for the full amount owed when you send in your return. However, many people do not have the ability to pay the full amount all at once and will need to explore additional opportunities to settle up with the IRS. These tax relief options include:
a. setting up an installment agreement (payment plan), or b. making a settlement offer called an Offer in Compromise (see Using an Offer in Compromise to Settle a Tax Bill).
c. Filing for bankruptcy might offer you relief; however, it's important to understand that taxes are rarely discharged in a Chapter 7 case (although it can happen) and that you'll have to repay your entire tax debt in a Chapter 13 bankruptcy.
Take this bit of knowledge to the bank: If you do nothing, then the IRS will initiate its enforcement collection process.