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Tax Refunds Adjusted and Made Uniform Across Central District of California with Chapter 13 Plan Form Effective December 1, 2017
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Financial Relief Law Center
The rule prior to December 1, 2017, varied in different jurisdictions, with some allowing clients to keep no refund and others allowing up to $1,500.
The new rule, effective as of December 1, 2017, is that clients will get to keep a net refund of up to $500 before having to turn additional refund amounts over to the Chapter 13 Trustee. The "net refund" means that if you have a $2,000 State Tax Refund, but you owe the Internal Revenue Service $1,500, you will have a net of $500 in which you will be able to keep the entire amount.
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