IRS Levy: They Can Take 100% From Your Bank (What About Your Paycheck?)

The IRS can take 100% of your bank account with zero protections - but your paycheck has legal limits they must follow. Here's exactly how much they can take from each, based on IRS Publication 1494 and Internal Revenue Manual 5.11.4.

When the IRS levies your wages, they're required to leave you an exempt amount based on your filing status and dependents. But when they levy your bank account? There's no exemption table. They can freeze everything up to what you owe.

In this video I break down the exact rules the IRS uses for both types of levies, with real dollar examples so you know what you're facing.

⏱️ TIMESTAMPS:
0:00 - The Wrong Question About IRS Levies
1:15 - Wage Levy Limits: IRS Publication 1494
3:20 - Real Example: $2,000 Paycheck Calculation
5:45 - Bank Levy Rules: Internal Revenue Manual 5.11.4
7:30 - Why Bank Levies Have NO Exemptions
9:15 - The Critical 21-Day Window
10:40 - Your Action Plan: What to Do Right Now

📊 REAL EXAMPLES COVERED:
Single, no dependents, $2,000 biweekly paycheck: Keep $576.92, IRS takes $1,423.08
Same person with $3,000 paycheck: Keep $576.92, IRS takes $2,423.08
Bank levy on $20,000 account with $15,000 debt: IRS freezes entire $15,000
Bank levy on $3,000 account with $15,000 debt: IRS takes entire $3,000

🛡️ YOUR PROTECTIONS:
Wage levies: Exemption amounts in Publication 1494 (updated yearly)
Bank levies: 21-day hold period + economic hardship consideration
Both: Collection Due Process hearing rights before levy begins

If you're facing a wage levy or bank levy, you have options: levy release for economic hardship, Currently Not Collectible status, installment agreements, or Offer in Compromise.

🔗 Free IRS Fresh Start Qualification Tool: www.levyking.com
📞 Call the Levy King: 1-877-LEVY-KING
📖 Book an Appt: www.legacytfp.as.me

📄 Referenced IRS Documents:
IRS Publication 1494: Tables for Figuring Amount Exempt from Levy on Wages
Internal Revenue Manual 5.11.4: Levy Procedures
Statement of Dependents and Filing Status (included with Publication 1494)

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