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disposable income and taxes

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    disposable income and taxes

    I know you have to use your gross income for the means test, but does your disposable income subtract taxes you have to pay out? I'm not sure I'm asking this correctly. What I mean is are taxes counted as an expense?
    Filed August 09, all payments made as of July 12th, 2013.....Waiting on final audit and discharge!

    #2
    Yes.

    As you can see when you visit the us courts website, you can download the official B22C form to do the test manually.

    Last edited by optimistic1; 03-30-2009, 08:15 AM.

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      #3
      Originally posted by DUMBAGAIN View Post
      I know you have to use your gross income for the means test, but does your disposable income subtract taxes you have to pay out? I'm not sure I'm asking this correctly. What I mean is are taxes counted as an expense?
      There are several categories of allowable expenses, including taxes. You also get to deduct medical insurance, 401(k) contributions (although some Districts still don't allow it, most do), and potentially even union dues that are mandatory.
      Chapter 7 (No Asset/Non-Consumer) Filed (Pro Se) 7/08 (converted from Chapter 13 - 2/10)
      Status: (Auto) Discharged and Closed! 5/10
      Visit My BKForum Blog: justbroke's Blog

      Any advice provided is not legal advice, but simply the musings of a fellow bankrupt.

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