<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=376735759340734&amp;ev=PageView&amp;noscript=1">

Owing back taxes to the IRS often ends up in wage garnishment. The IRS will send a notice to your employer letting them know that you owe back taxes, and that your employer must now withhold a certain amount from your paycheck and remit it to the IRS.

How much can the IRS take?

If you're filing as single and have one exemption, the IRS can take all but $365.38 of your biweekly paycheck. If you're married, filing jointly, and have a child, bringing your exemptions to three, the IRS can take all but $873.08 from your biweekly paycheck. With a wage garnishment leaving you with barely enough to cover your mortgage payments, it's clearly important for you to stop wage garnishments before they start.

How can you stop wage garnishments?

An experienced tax firm like Top Tax Defenders can negotiate with the IRS, establishing an installment plan instead of wage garnishment. Under an installment plan, you'll be expected to make monthly payments of a set amount, usually much less than wage garnishment amounts. It is even possible to settle your tax debt for less than you owe under an installment plan, meaning you'll be done paying off your debt sooner.

If you've fallen on hard economic times and cannot possibly make payments to the IRS at this time, you may be eligible to be placed on the IRS's Currently Not Collectible list. This means a temporary end to IRS collection efforts, including mailings and phone calls. Periodically, you will be expected to re-qualify for Currently Not Collectible status.

The best way to stop wage garnishments is with an experience tax firm on your side, guiding you through the process. Call Top Tax Defenders as soon as you receive a wage garnishment notice, and you can stop wage garnishments and keep the paycheck you need to pay your bills. Top Tax Defenders takes fighting for their clients seriously, and offers a firm with experience:

  • Proven success reducing client's tax debts
  • More than 27 years of experience helping clients settle their back taxes
  • Experience working with IRS policy and procedures

RESOURCES TO CHECK OUT

Owe the IRS? Breathe and Remember these Tips

The IRS may seem like a scary government entity that wields too much power over your everyday life. In reality, taxpayers like you are given the...Read more

How Long Does a Federal Tax Lien Stay on Your Credit?

Federal liens are just like any other form of defaulted financial obligation in the damage they can do to your credit rating. Unlike unpaid medical...Read more

The Basics of Setting Up an IRS Installment Agreement

The IRS expects you to pay your tax bill each year. When this year's debt is more than you can pay, you might wonder how you can settle it without...Read more

Subscribe to Email Updates

READY TO GET STARTED?