Can the IRS garnish all of my wages?
Many taxpayers think that the IRS takes a certain percentage of a taxpayer’s income. In fact, the IRS only leaves taxpayers with a certain dollar amount depending on the taxpayer’s filing status. Thus, there could be two taxpayers that are single with no dependents with one earning $2,000.00 per month and the other earning $10,000.00 per month. Both taxpayers will be left with the same amount of money in their check after the garnishment. Therefore, regardless of your income level, a wage garnishment can have a devastating impact on your personal finances.
