Posts Tagged ‘tax refund’

Can I Keep All Of My Tax Refund?

In Uncategorized on February 4, 2011 at 2:44 pm

In Ohio chapter 7 cases, you may keep up to $1,500 of your refund. Add to that amount child tax credit and earned income credit claimed on your return. In most Kentucky 7 cases, you can keep it all because the exemption law is better than Ohio.

In Ohio chapter 13 cases, you can keep $800 of the refund per person plus child tax credit and earned income credit. In Kentucky 13 cases, you may have to turn over part of the refund if the trustee requests it.

Tax refund that you pay to the court is distributed to your creditors.