Garnishment

What Does Garnishment Mean?
Money withheld from an individual's paycheck and remitted to another party, usually a creditor.

Investopedia explains Garnishment
When reporting taxable income, you must include the amounts garnisheed from your wages.

Related Terms

Creditor
Gross Income
Underpayment Penalty
W-2 Form
W-4 Form
Wage Assignment
Withholding
Withholding Allowance
Withholding Tax
More Related Terms

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