Just wondering if anyone has any advice on tax returns and what portion we (the debtor) gets to keep. We filed on Sept. 9th (bk). Our return will be a little over $3000.00, with 681.00 of that being child tax credit. Thanks for any info.
-
-
The child tax credit is probably yours to keep-I believe that most districts only count the amount that you paid in withholding as part of the BK estate. The % is based on when you filed-since you filed in early September, roughly 70% of your refund is subject to the trustee's taking if you can't exempt it.Most of my information is from personal experience or HOURS and HOURS of online research. When you're searching online, keep in mind there is no guarantee that the info is completely up to date, and your situation is unique from anyone else's. Do your homework, and consult with an attorney so you can make an informed decision.
Comment