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In Tennessee, a teacher's pension income can generally be garnished for certain debts, such as child support or taxes. However, it is protected from garnishment for most other types of debts. It's important for teachers to consult with a legal expert to understand their specific circumstances and any potential exceptions that may apply.
What else can I help you with?
Can your income tax check be garnished if your wages are already being garnished?
if my wages are being garnished can they still take my income tax check?
Can money from your monthly Illinois Teachers Retirement System pension be sent directly to a 529 Plan your my grandchildren?
No, money from your monthly Illinois Teachers Retirement System pension cannot be directly transferred to a 529 Plan for your grandchildren. Pension payments are typically made to the retiree and must first be received as income. However, you can use your pension income to contribute to a 529 Plan, but you'll need to do so through a personal contribution after receiving the funds.
How is pension income?
Pension income are those income that the employee received after their retirement from job.
Can a certificate of deposit be garnished?
In some rare cases these can be garnished, but are not usually. Your income that is coming in from a job is generally what is garnished.
Can rents from income property be garnished?
no
What are the types of income that can be garnished for child support?
Virtually any income can be garnished as long as it isn't means tested, such as SSI or public assistance.
Will you pay taxes on your pension?
Yes could have to pay some income taxes on your pension income.
Can the IRS seize a pension if it is your only income?
Yes some pension income can be seized by the IRS.
What does pension?
A pension is an arrangement to provide people with an income when they are no longer earning a regular income from employment.
Can disability income be garnished for a repossession?
NOPE
If your only income is from a pension can you still contribute to an IRA?
NO. Pension income would NOT be a QUALIFIED EARNED INCOME for contributions to a IRA account.
In Virginia can your wages be garnished for credit card debt?
Yes. Virginia use federal income garnishment laws. The maximum percentage of disposable income that can be garnished for creditor debt is 25%, with 30x minimum wage ($154.50 weekly based) being exempt from garnishment. All Social Security, government pensions, public assistance and most private pension benefits are exempt from creditor garnishment or levy.
