Can the IRS keep imposing garnishments or levies on my bank account?
If a wage garnishment or levy has been imposed on you, it will remain in place until you have paid the tax bill in full. Sometimes, when the amount reaches a manageable status, the IRS may release the levy. However, once the IRS has garnished the money in your bank account, it is not permitted to do so a second time. This means that you will only lose your savings once and after that any funds that come into the account are yours once again.