The IRS can seize many different types of property, including bank accounts, wages, and retirement accounts. However, some items are specifically exempt from IRS seizure under federal law.
The following types of property can’t be seized by the IRS under any circumstances:
- unemployment benefits
- certain annuity and pension benefits
- certain military service-connected disability payments
- workers’ compensation benefits
- certain public assistance payments
- income for court-ordered child support payments
- necessary schoolbooks and clothing
- certain amounts worth of fuel, provisions, furniture, personal effects for a household
- certain amounts worth of books and tools for trade, business, or professions
In addition to these payments and assets, a portion of your wages from each paycheck is exempt from seizure. The exempt amount is calculated based on your filing status and number of dependents. Your wages above this amount can be seized continuously until your tax debt is paid off.
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