Are chapter 13 payments deductable

bustrash — Mon, 03 Jun 2019 18:37:40 GMT

No. Payments under a Court-approved Chapter 13 Plan are d...

MichaelMc — Mon, 03 Jun 2019 18:37:41 GMT

No. Payments under a Court-approved Chapter 13 Plan are distributed by the Trustee in payment of your debts. The Plan payments to the Trustee are not tax-deductible.

There is typically a continuing obligation of the debtor (1) to timely file tax returns and pay any taxes due, (2) to provide copies of the tax returns to the trustee, and (3) to turn over all tax refunds for distribution to the creditors.

topic Are chapter 13 payments deductable in Deductions & credits

Are chapter 13 payments deductable

No. Payments under a Court-approved Chapter 13 Plan are d...