If I am in active chapter 13 bankruptcy are there any tax breaks? Are there ways to decrease my taxable income?
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Nope -
HHM, way to kill a thread!Comment
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HHM is totally correct...what you may find is that if you itemized in the past, you will now have to take the standard deduction since you may not have all the deductions you had in the past so make sure you have enough tax withheld for each tax year during your Plan or you can end up owing!_________________________________________
Filed 5 Year Chapter 13: April 2002
Early Buy-Out: April 2006
Discharge: August 2006
"A credit card is a snake in your pocket"Comment
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The idiomatic proverb "having your cake and eating it too" comes to mind when I read this.Comment
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