How Much Money Can Be Garnished From My Paycheck?
Garnishing wages can be one of the most effective ways to collect unpaid debts and other financial obligations. But how much money can legally be taken from your paycheck? Understanding wage garnishment basics, including the maximum amount that can be taken per pay period, is an important part of managing your finances.
The amount of money that may be garnished from a paycheck depends on the type of debt being collected and the employee's state laws. Generally speaking, 25% of disposable earnings, or earnings after taxes and other deductions have been taken out, may be withheld for federal student loan debt, child support payments and alimony agreements. For any other types of debt such as credit cards or medical bills, a maximum of 15% may be deducted from each paycheck.
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