Stimulus Check 2 Garnishments

The size of your stimulus check is based on your adjusted gross income agi which is your total income minus adjustments like standard or itemized deductions.

Stimulus check 2 garnishments. Instead it gives treasury the authority to issue rules and guidance to carry out the purposes of the stimulus payments. However some states such as california issued orders forbidding banks and creditors from garnishing your stimulus check. States and officials act to provide garnishment protections various government officials have also weighed in to stop your stimulus check from being garnished.

For instance massachusetts attorney general maura healey has put in emergency debt collection regulations that spell out that creditors and debt collectors cannot garnish stimulus checks. That could or change or not with a possible second. That oversight means that debt collectors can garnish bank accounts to seize the stimulus payments according to lauren saunders associate director of the national consumer law center.

One other thing you should be aware of is that overdue child support is one of the few times the government will garnish your stimulus check. However we are living in a brand new world. If arrears are not yet established for example if payment was just missed in a recent month you may still receive your full stimulus check.

The covid related tax relief act specifically states that second round stimulus checks are not subject to garnishment by creditors or debt collectors. The irs has started delivering the second round of stimulus checks into millions of bank accounts providing 600 for each eligible adult and child. Your second payment will not be offset for any federal or state debts and is protected from.

The cares act protects stimulus checks from being reduced to pay certain debts owed to federal and state governments but does not specifically address garnishment or bank offsets for other debts. They can t be lost in bankruptcy proceedings. With the second stimulus check your payment is protected from bank.

Similarly if you ve already seen your tax refund being garnished for child support payments you can expect your stimulus check to also be garnished.