How To Get A Wage Garnishment Release
One of the most common types of enforcement the IRS uses to collect back taxes from you is a wage garnishment. You’ll first receive a letter in the mail that shows you how much will be garnished per paycheck. The average amount is a whopping 25%. With the price of renting a home, utilities, paying for a car, and other needed expenses, you may need a wage garnishment release to be able to continue your life as usual without having to make major changes or get yourself into debt in some other area such as your credit.
A wage garnishment release can happen in quite a few ways. Naturally, when you pay it off, it will stop but you can also have a wage garnishment release by:
- Proving the garnishment is giving you financial difficulties.
- Showing the IRS you can pay off your debt in a more efficient way.
- Already having an installment agreement with the IRS.
These are the most common ways to get a wage garnishment release but it can be quite difficult to get some of them going by yourself. Talking to the IRS can be difficult and intimidating for a lot of people so your best bet is to find a tax attorney who can handle things for you.
The worst thing you can do is furthering your debt by using small loan services every few months to help keep your finances where they should be while this garnishment is in effect. This is just a temporary “band-aid” for your finances and after a few months, the interest from these small loans may end up worse than the garnishment itself. If you feel like you have the knowledge to do it yourself, you can visit your local IRS office and get all the proper forms but if you get denied, you will need additional help.