Consumer Bankruptcy Journal Fall 2015 | Page 117
Form Modernization Overview
Official Form 122A-1 and 122A-2
Overview:
Official Form 122A-2: Chapter 7 Means Test Calculation replaces Official Form 22A-2: Means Test
Calculation in cases of Individual debtors.
New Form Elements:
The form title and date modified have both been updated to reflect the 2015 forms modernization
project. Additionally, line #26 adds a statement explaining that contributions to qualified ABLE accounts,
as defined in 26 U.S.C. § 529A(b), may be included in the deduction for contributions to the care of
household or family members. Authorization of the deduction of such contributions was added to
Bankruptcy Code § 707(b)(2)(A)(ii)(II) by the Tax Increase Prevention Act of 2014, Pub. Law No. 113-295.
REVISED - line #26 adds a
statement explaining
that contributions to
qualified ABLE
accounts, as defined in
26 U.S.C. § 529A(b),
may be included in the
deduction for
contributions to the
care of household or
family members.
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