Expenses Question

[Mom2one]

I had a quick question about expenses. I read on the internet somewhere, that there is a deduction you can use on the means test for autos that have over 75,000 miles on them. The amount is 200. Has anyone heard of this. We are only 750.00 over our median income, as hubbys overtime has been cut dramatically.

Thanks
Christine

[Dennis1971]

[laurannm]

I had a quick question about expenses. I read on the internet somewhere, that there is a deduction you can use on the means test for autos that have over 75,000 miles on them. The amount is 200. Has anyone heard of this. We are only 750.00 over our median income, as hubbys overtime has been cut dramatically.

Thanks
Christine

Yep, I believe you are correct. I've seen the UST add this expense in a couple of cases I saw in Pacer

[pa308]

Yep, I believe you are correct. I've seen the UST add this expense in a couple of cases I saw in Pacer

You mean the trustee would actually add it in to help someone out?? Both of my cars are over 75 k miles and I'm only taking 98/month. I guess I should ask my atty about this...

[laurannm]

You mean the trustee would actually add it in to help someone out?? Both of my cars are over 75 k miles and I'm only taking 98/month. I guess I should ask my atty about this...

Yep, I was a little surprised to see that myself.

In fact in several cases I found, the UST added in expenses that the debtor didn't have listed.

[chloe0724]

Is this only for a 7 or is it for a 13 too? I didn't list an extra $200 and I am almost at 80k on my car.

[laurannm]

Is this only for a 7 or is it for a 13 too? I didn't list an extra $200 and I am almost at 80k on my car.

I think it applies to the means test
Here's an article on it

http://www.************************/...cy-means-test/

[Mom2one]

Oh well I was happy about the 200 deduction until I just read that, they take out actual tax deductions. My husband claims my son and I , so now it will look like he has more income each month. This is too much! I give up.........

Christine

[morallyBR2]

I hope I have this in Texas!! My car has 285,000 miles on it!! Viva la Honda!!