Garnishment

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Table of Contents

Garnishment

Description and Definition of Garnishment

Monies withheld from your pay and remitted to a creditor. Garnishments withheld from your pay are taxable income to you even though you didn't get the money.

Resources

See Also

Further Reading

Related Entries in the American Tax Encyclopedia:

  1. W-2
  2. Withholding
  3. 1099-INT
  4. Interest
  5. Direct Transfer
  6. W-4
  7. 401 (k) Plan
  8. Form W-2
  9. Taxes
  10. Interest Income
  11. Exempt From Withholding
  12. 1099-DIV
  13. Form 1099-INT
  14. Principal
  15. Form 1099-DIV
  16. Education IRA
  17. Withholding Allowance
  18. Severance Pay
  19. State Income Tax
  20. Golden Parachute Arrangement
  21. Adjustment
  22. Moving Expenses
  23. Scholarship
  24. Tax Credits
  25. Payroll Tax

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