Internal Revenue Bulletin: 2004-2 |
January 12, 2004 |
Table of Contents
Publication 1494, shown below, provides tables that show the amount of an individual's income that is exempt from a notice of levy used to collect delinquent tax in 2004.
1. Table for Figuring Amount Exempt from Levy on Wages, Salary, and Other Income (Forms 668-W(c), 668-W(c)(DO) & 668-W(ICS)) 2004 (Amounts are for each pay period.)
| Filing Status: Single | |||||||
|---|---|---|---|---|---|---|---|
| Pay Period | Number of Exemptions Claimed on Statement | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | More Than 6 | |
| Daily | 30.58 | 42.50 | 54.42 | 66.35 | 78.27 | 90.19 | 18.65 plus 11.92 for each exemption |
| Weekly | 152.88 | 212.50 | 272.12 | 331.73 | 391.35 | 450.96 | 93.27 plus 59.62 for each exemption |
| Biweekly | 305.77 | 425.00 | 544.23 | 663.46 | 782.69 | 901.92 | 186.54 plus 119.23 for each exemption |
| Semimonthly | 331.25 | 460.42 | 589.58 | 718.75 | 847.92 | 977.08 | 202.08 plus 129.17 for each exemption |
| Monthly | 662.50 | 920.83 | 1179.17 | 1437.50 | 1695.83 | 1954.17 | 404.17 plus 258.33 for each exemption |
| Filing Status: Unmarried Head of Household | |||||||
|---|---|---|---|---|---|---|---|
| Pay Period | Number of Exemptions Claimed on Statement | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | More Than 6 | |
| Daily | 39.42 | 51.35 | 63.27 | 75.19 | 87.12 | 99.04 | 27.50 plus 11.92 for each exemption |
| Weekly | 197.12 | 256.73 | 316.35 | 375.96 | 435.58 | 495.19 | 137.50 plus 59.62 for each exemption |
| Biweekly | 394.23 | 513.46 | 632.69 | 751.92 | 871.15 | 990.38 | 275.00 plus 119.23 for each exemption |
| Semimonthly | 427.08 | 566.25 | 685.42 | 814.58 | 943.75 | 1072.92 | 297.92 plus 129.17 for each exemption |
| Monthly | 854.17 | 1112.50 | 1370.83 | 1629.17 | 1887.50 | 2145.83 | 595.83 plus 258.33 for each exemption |
| Filing Status: Married Filing Joint Return (and Qualifying Widow(er)s) | |||||||
|---|---|---|---|---|---|---|---|
| PayPeriod | Number of Exemptions Claimed on Statement | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | More Than 6 | |
| Daily | 49.23 | 61.15 | 73.08 | 85.00 | 96.92 | 108.85 | 37.31 plus 11.92 for each exemption |
| Weekly | 246.15 | 305.77 | 365.38 | 425.00 | 484.62 | 544.23 | 186.54 plus 59.62 for each exemption |
| Biweekly | 492.31 | 611.54 | 730.77 | 850.00 | 969.23 | 1088.46 | 373.08 plus 119.23 for each exemption |
| Semimonthly | 533.33 | 662.50 | 791.67 | 920.83 | 1050.00 | 1179.17 | 404.17 plus 129.17 for each exemption |
| Monthly | 1066.67 | 1325.00 | 1583.33 | 1841.67 | 2100.00 | 2358.33 | 808.33 plus 258.33 for each exemption |
| Filing Status: Married Filing Separate Return | |||||||
|---|---|---|---|---|---|---|---|
| PayPeriod | Number of Exemptions Claimed on Statement | ||||||
| 1 | 2 | 3 | 4 | 5 | 6 | More Than 6 | |
| Daily | 30.58 | 42.50 | 54.42 | 66.35 | 78.27 | 90.19 | 18.65 plus 11.92 for each exemption |
| Weekly | 152.88 | 212.50 | 272.12 | 331.73 | 391.35 | 450.96 | 93.27 plus 59.62 for each exemption |
| Biweekly | 305.77 | 425.00 | 544.23 | 663.46 | 782.69 | 901.92 | 186.54 plus 119.23 for each exemption |
| Semimonthly | 331.25 | 460.42 | 589.58 | 718.75 | 847.92 | 977.08 | 202.08 plus 129.17 for each exemption |
| Monthly | 662.50 | 920.83 | 1179.17 | 1437.50 | 1695.83 | 1954.17 | 404.17 plus 258.33 for each exemption |
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2. Table for Figuring Additional Exempt Amount for Taxpayers at Least 65 Years Old and/or Blind |
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2. Table for Figuring Additional Exempt Amount for Taxpayers at Least 65 Years Old and/or Blind |
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|---|---|---|---|---|---|---|
| Additional Exempt Amount | ||||||
| Filing Status | * | Daily | Weekly | Biweekly | Semimonthly | Monthly |
| Single or Head of Household | 1 2 | 4.629.23 | 23.0846.15 | 46.1592.31 | 50.00100.00 | 100.00200.00 |
| Any Other Filing Status | 1 2 3 4 | 3.65 7.31 10.96 14.62 | 18.27 36.54 54.81 73.08 | 36.54 73.08 109.62 146.15 | 39.58 79.17 118.75 158.33 | 79.17 158.33 237.50 316.67 |
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*ADDITIONAL STANDARD DEDUCTION claimed on Parts 3, 4, & 5 of levy. |
These tables show the amount exempt from a levy on wages, salary, and other income. For example:
1. A single taxpayer who is paid weekly and claims three exemptions (including one for the taxpayer) has $272.12 exempt from levy.
2. If the taxpayer in number 1 is over 65 and writes 1 in the ADDITIONAL STANDARD DEDUCTION space on Parts 3, 4, & 5 of the levy, $295.20 is exempt from this levy ($272.12 plus $23.08).
3. A taxpayer who is married, files jointly, is paid bi-weekly, and claims two exemptions (including one for the taxpayer) has $611.54 exempt from levy.
4. If the taxpayer in number 3 is over 65 and has a spouse who is blind, this taxpayer should write 2 in the ADDITIONAL STANDARD DEDUCTION space on Parts 3, 4, & 5 of the levy. Then, $684.62 is exempt from this levy ($611.54 plus $73.08).
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