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| *Loan,banking and credit>>>income tax |
Should garnishments be taken out before or after your gross income is taxed? |
I'm just curious if a garnishment should be taken out before or after I get taxed on my paycheck? Any thoughts? thanks garnishments, depending on local should be taken at a maximum of 30% of you net income. this can be lowered if you have dependents or you go to court within 10 days of the official notice that your employer is required to provide you your bank accounts can also be garnished not able to be garnished are soc security, medicare, and a few other things Source(s): you would be able to find this info by going to your local city's/state web site and look for the code Garnishments that are based on a percentage of pay are taken out after all REQUIRED deductions are taken first. This includes most taxes, and may include other required items like union dues. 12+ years payroll exp. It is taken out after taxes for normal withholding are withheld Garnishments are taken out of what they like to call your "disposible" income. Like anybody has money to just throw away:)) They aren't tax deductible, so they will be taken out after you are taxed on your gross income. Ouch, baby, very ouch. Regardless of the reason for the garnishment, you should consider getting a 2nd job or selling some stuff to pay off what you owe. Garnishment is a demoralizing experience for most people & (depending on the employer) you may be looked down upon for it. |
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