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What is the maximum percentage allowed for a wage garnishment in Indiana? |
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If you're talking about a federal student loan, you're talking about federal law that trumps the law of any state you live in, new jersey and indiana included. For correct federal info, see below.
Answer
In general terms, it is not more than 25% of disposable income. Or 30x the minimum Federal wage, whichever is greater. Whatever is left after all taxes, Medicare, pension contributions, etc. have been deducted, is what the amount is based on. Also the first $125 is usually exempt. It can be modified depending on the situation of the garnishee.
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what is the maximum wage garnishment allowed in the New Jersey?
First answer by Nikki. Last edit by Studentloanguy. Contributor trust: 39 [recommend contributor]. Question popularity: 175 [recommend question]
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