US Taxes: Garnishments

Tax and Garnishment Tables – Notice 2024-16

Version
Notice 2024-16
Release Date
11/07/2024
ft:lastEdition
2024-11-06

South Dakota - Creditor Garnishment Exemption Amount Change due to State Minimum Wage [Effective January 1, 2025]

South Dakota announced that the State Minimum Wage increased from $11.20 in 2024 to $11.50 in 2025. This directly impacts the Creditor Garnishment exemption calculation which relies on the State Minimum Wage (40 * SMW per week). GPTCI-52781

https://dlr.sd.gov/employment_laws/minimum_wage.aspx

Washington - Creditor Garnishment Exemption Change due to State Minimum Wage [Effective January 1, 2025]

Washington announced that the State Minimum Wage has increased from $16.28 per hour to $16.66 per hour, effective 01/01/2025. This directly impacts the Creditor Garnishment exemption calculation which relies on the State Minimum Wage (35 * SMW per week). GPTCI-52456

https://content.govdelivery.com/accounts/WADLI/bulletins/3b91523

Connecticut Creditor Garnishment Exemption Change due to State Minimum Wage [Effective January 1, 2025]

Connecticut announced that the State Minimum Wage is increased from $15.69 per hour to $16.35 per hour, effective 01/01/2025. This directly impacts the Creditor Garnishment exemption calculation which relies on the State Minimum Wage (40 * SMW per week). GPTCI-52307

Connecticut State Tax Levy Garnishment Exemption Change due to State Minimum Wage [Effective January 1, 2025]

Connecticut announced that the State Minimum Wage is increased from $15.69 per hour to $16.35 per hour, effective 01/01/2025. This directly impacts the State Tax Levy Garnishment exemption calculation which relies on the State Minimum Wage (40 * SMW per week). GPTCI-52307

https://portal.ct.gov/governor/news/press-releases/2024/09-2024/governor-lamont-announces-minimum-wage-will-increase-in-2025?language=en_US

Arizona - Creditor Garnishment Exemption Change due to State Minimum Wage [Effective January 1, 2025]

Arizona announced that the State Minimum Wage increased from $14.35 in 2024 to $14.70 in 2025. This directly impacts the Creditor Garnishment exemption calculation which relies on the State Minimum Wage (60 * SMW per week). GPTCI-51886

https://www.azica.gov/sites/default/files/2024-09/2025 THE FAIR WAGES AND HEALTHY FAMILIES ACT.pdf

New York - Creditor Garnishment Exemption Change due to State Minimum Wage [Effective January 1, 2025]

New York announced that the state wide minimum wage increased from $15.00 per hour to $15.50 per hour, effective 01/01/2025. This directly impacts the Creditor Garnishment exemption calculation which relies on the State Minimum Wage (60 * SMW per week). GPTCI-51886

https://www.governor.ny.gov/news/governor-hochul-announces-historic-agreement-increase-new-yorks-minimum-wage-and-index

Maine - Creditor Garnishment Exemption Change due to State Minimum Wage [Effective January 1, 2025]

Maine announced that the State Minimum Wage changed from $14.15 in 2024 to $14.65 in 2025, effective 01/01/2025. This directly impacts the Creditor Garnishment exemption calculation which relies on the State Minimum Wage (40 * SMW per week). GPTCI-52456

https://www.maine.gov/labor/news_events/article.shtml?id=13014514

Virginia - Creditor Garnishment Exemption Change due to State Minimum Wage [Effective January 1, 2025]

Washington announced that the State Minimum Wage has increased from $12.00 per hour to $12.41 per hour, effective 01/01/2025. This directly impacts the Creditor Garnishment exemption calculation which relies on the State Minimum Wage (40 * SMW per week). GPTCI-50037

https://doli.virginia.gov/minimum-wage-increase-effective-january-1-2025