Do people claim tax refunds as incoem on means test?

[Joe Farmer]

Or not? Exsperiences?

[Joe Farmer]

Let's simplify this:

Please state whether you did, or did not include your tax refund (from filing, not the stimulus check) on your petition, and whther it was or not brought up during the course of your BK filing? (Wow- the responses on other threads are ALL over the board, but none of the questions is this clarified.)

[JRScott]

I don't believe my lawyer listed mine as income, and I don't recall the Trustee ever asking about it.

[HHM]

Generally speaking, the Tax Refund is usually listed as an "asset," not as income.

[deafbroke]

I didn't include it as income. I didn't file my taxes until after I filed chater 7. It was never mentioned in 341 that it is income.


DB

[cleo1357]

My lawyer did not list it as income. It makes sense, because a tax refund is mostly a refund of money you have already earned and subsequently paid to the IRS. When they calculate your means test using your gross income, the money you have earned (which is possibly next years tax return) has already been accounted for. It would be like including a portion of LAST years income in the current calculations to count the tax refund as income.