The 2023 version of Publication 1494, which is used to figure wage amounts exempt from federal tax levies, was released Jan. 3 by the Internal Revenue Service.
Publication 1494, Tables for Figuring Amount Exempt from Levy on Wages, Salary, and Other Income (Forms 668-W(ACS) and 668-W(ICS)), lists the amount per pay period that is exempt from IRS levy collections for delinquent taxes. The exempt amounts are based on an individual’s filing status and number of dependents claimed. The exempt amounts increased from 2022.
The tables are used with IRS Form 668-W, Notice of Levy on Wages, Salary, and Other ...
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