If I Receive a Wage Levy / Wage Garnishment / Wage Garnishment, Will The IRS Take My Entire Paycheck?

Generally speaking, the IRS will not get your entire paycheck. Depending upon how much money that you earn, they may not get anything at all or they may get a very large amount.

When the IRS issues a Wage Levy / Wage Garnishment to your employer, the IRS gives a form to the employer that is given to you, the tax payer with the Wage Levy, to complete. Effectively what is happening is that the IRS is letting you notify your employer of how you file your taxes.

Do you file it as a single person?

Do you file it as a married person?

Do you have just yourself as a personal exemption or do you have a wife and/or children?

Once you complete that form, there is a table set up by the IRS which allows you to have the standard deduction for your filing status, be it single, be it married, or be it head-of-household.

They will also let you have a personal exemption for yourself and however many people that you claim when you file your taxes.

So they will give you the standard deduction and the personal exemption for the number of people claimed, and that’s the amount of money that they are going to allow you to keep from your paycheck.

If you get paid once a year, that would be the amount that they leave you.

If you get paid once a month, they would take that amount and divide by 12, and that’s the amount of money they would leave you.

Anything above and beyond that amount, the IRS will take.

So if you aren’t making that much money, then the personal exemption and the standard deduction amount will equal what you’re earning because you’re a low income individual and they wouldn’t take anything.

But say you’re making $100,000 a year and the personal exemption and standard deduction equal $20,000 a year; the IRS would get the additional amount above the $20.000 up to $100,000. As you can see, they would get quite a lot of money.

The IRS generally is not going to get 100% of your paycheck. In some instances they won’t get any of your paycheck, and in other instances they will get a large portion of your paycheck, but rarely will they get 100% of your paycheck.