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§29.525. Ordinary and necessary living expenses.

31 C.F.R. § 29.525

An individual's ordinary and necessary living expenses include rent, mortgage payments, utilities, maintenance, transportation, food, clothing, insurance (life, health, and accident), taxes, installment payments for which the individual is already liable, medical expenses, support expenses for which the individual is legally responsible, and other miscellaneous expenses that the individual can establish as being ordinary and necessary.
Notes, amendments, and revision history

Source

Source: 66 FR 36705, July 13, 2001, unless otherwise noted.

Authority

Authority: Subtitle A and Chapter 3 of Subtitle H, of Pub. L. 105-33, 111 Stat. 712-731 and 786-787; as amended.

Source

Source: 65 FR 77501, Dec. 12, 2000, unless otherwise noted.