You cannot write off credit card wage garnishment payments on your taxes. It is best not to get into a situation where your wages are being garnished.
No. Makes no difference to Tax how you pay your bills, and that's all a garnishment is - a forced way to pay what you should have willingly.
Of course not. Garnishment's are payments for something that was not deductible in the first place. Why would the fact that they have to forcefully take it from you make it tax deductible.
Absolutely "NO". They cannot charge to withhold taxes. They can charge to withhold a garnishment if instructed by the court.
Wages can be garnished for unpaid taxes through various methods such as your current employer. The best way to find out if you are facing a garnishment is through the IRS or your payroll department.
Payroll taxes are based on gross income, i.e., before deductions such as child support.
Payroll taxes are based on gross income, i.e., before deductions such as child support.
No. Wage garnishment applies to "disposable income" which is the amount that is left after all deductions have been made.
Yes, in the sense that the garnishment comes out of your net paycheck, i.e. after you have already had taxes withheld on the gross pay. It is just as if you received your full net pay before garnishment, then turned around and submitted the garnished amount to the garnishing agency.
You cannot write off credit card wage garnishment payments on your taxes. It is best not to get into a situation where your wages are being garnished.
Yes.
No. Makes no difference to Tax how you pay your bills, and that's all a garnishment is - a forced way to pay what you should have willingly.
Of course not. Garnishment's are payments for something that was not deductible in the first place. Why would the fact that they have to forcefully take it from you make it tax deductible.
Only the deductions required for taxes etc or if there is a garnishment order.
There are four ways to get out of an IRS wage garnishment. Negotiate a resolution, prove undue hardship, file an appeal, or of course you could always pay your owed taxes!
Absolutely "NO". They cannot charge to withhold taxes. They can charge to withhold a garnishment if instructed by the court.
The court order granting the garnishment should tell you when the garnishment will end. They might just tell you the amount you will have to pay before you are off the hook.