Indiana Schedule J: Your Expenses (individuals) is an Indiana state income tax form that individuals must file in order to report their personal expenses during the tax year. It is used to determine the amount of itemized deductions that may be claimed on a state income tax return. There are two types of Indiana Schedule J: Your Expenses (individuals): Type 1 for individuals who are not self-employed, and Type 2 for individuals who are self-employed. Type 1 includes expenses such as medical, dental, and health care expenses; taxes; home mortgage interest and points; charitable contributions; and miscellaneous deductions. Type 2 includes expenses such as self-employment taxes; home office expenses; health insurance premiums; retirement plan contributions; and business expenses.
Indiana Schedule J: Your Expenses (individuals)
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How to fill out Indiana Schedule J: Your Expenses (individuals)?
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Some of the monthly expenses that are listed on your Schedule J include your rent or mortgage payments, upkeep expenses on your home, utilities, food, gas, telephone, water, car maintenance, childcare, clothing, laundry, and vehicle maintenance.
Schedule J: Your Expenses (Official Form 106J) provides an estimate of the monthly expenses, as of the date you file for bankruptcy, for you, your dependents, and the other people in your household whose income is included on Schedule I: Your Income (Official Form 106I).
Form Number: B 106I. Category: Individual Debtors. Effective onDecember 1, 2015. This is an Official Bankruptcy Form. Official Bankruptcy Forms are approved by the Judicial Conference and must be used under Bankruptcy Rule 9009.
Official Form 106J (Schedule J) is the form where you disclose your current household monthly expenses. At the end of Schedule J, you will subtract your income from your expenses. This lets the Bankruptcy Court and the Trustee know whether you have too much disposable income to qualify for a Chapter 7 bankruptcy.