Means Test - on gross or net income??

[calgirl67]

Was wondering, do they take your gross or net income to calculate the means test in Ch. 7?

Would appreciate advice.... dreading having to file Ch 13 and be a slave to the court and creditors for 5 yrs.

[nc73]

I think it's gross. Yeah doesn't make much sense since sched I is net.

[Tbornetun]

Gross income, but if you don't fall below the median in the first section you are able to take the income withholding deductions in the second section.

[berrymom35]

Gross..but you are able to account for all deductions.

[eyeowe]

It is gross. There is a line item later in the means test to account for taxes and deductions from your pay.

[Chowder]

It's gross unless you have a sole prop, or other small biz. Then it's adjusted gross.

[jribe]

Was wondering, do they take your gross or net income to calculate the means test in Ch. 7?

Would appreciate advice.... dreading having to file Ch 13 and be a slave to the court and creditors for 5 yrs.

it's your gross income. On the means test they do let you put what you pay for taxes, medical etc.

Just be careful on the tax portion- if you always get a huge refund- the trustee will likely question your withholdings and disallow some money monthly.