|Income Greater than||-||9,985||14,999||19,993||29,989||39,997||49,993||69,967|
|But Less than||9,984||14,988||19,992||29,988||39,996||49,992||69,996||-|
|WI Median Income||Allowed expenses per IRS Guidelines|
|2 Person Family||46,926||25,644||25,764||25,836||27,132||27,732||28,488||30,444||33,564|
|3 Person Family||57,968||32,028||32,220||32,412||32,592||32,904||34,032||35,880||39,168|
|4 Person Family||69,010||35,268||36,300||36,348||36,468||36,576||38,268||40,272||43,464|
|5 Person Family||80,051||36,876||38,040||38,208||38,460||38,700||40,524||42,660||45,972|
|6 Person Family||91,093||38,484||39,780||40,068||40,452||40,824||42,780||45,048||48,480|
Green indicates you are safe to file a Chapter 7.|
Yellow indicates you earn more than the IRS guideline expenses and may have to file a Chapter 13 even if your income is below the median.
Red indicates you are will probably have to file a Chapter 13, a Chapter 7 is unlikely to be approved.
The above numbers are based on Dane County Wisconsin Allowable Living Expenses for Housing and Utilities, Midwest Region Allowable Expenses for Transportation and do not include priorty debt, secured debt or special items. Further, the housing figure assumes rental housing - the new law does not specify (nor does the IRS) how much of the Housing and Utilities allowance is for housing and how much is for utilities...necessary to determine the utility allowance.