FAA6.N Examples : 22 Expenses/Need Standard (EXNS/EXPC) Examples : Q Taxes Example
Taxes Example
 
The participant's annual taxes are due each October.
 
Divide the bill by the number of months the payment is intended to cover, which in this example is 12 months.
 
Count the monthly average as a shelter expense each month.
 
$600
is the tax bill
../..12
the number of months the bill is intended to cover.
$50
the amount keyed as TX on EXNS.
 
When taxes are included in the mortgage, allow no separate TX amount.