Sentences with phrase «state median income for your family»

Your plan may be for three years if your income is less than the state median income for your family size, and you filed Chapter 13, not chapter 7.

Not exact matches

And Leila Bozorg, chief of staff at HPD, said infill units for tenants earning less than 60 percent of the federally set area median income — roughly $ 46,600 for a family of three — could qualify for the state's 420c tax credit.

Currently, families with income near the NY state median ($ 60,000) qualify for approximately $ 2,500 in state and federal grants, well below typical tuition charges around $ 6,400 for four - year and $ 4,400 for community colleges in New York.

The law places no limits on recipients» household incomes (i.e., it's not «means - tested» for low - income families), and in fact the average adjusted gross income of recipient families was $ 51,923, slightly higher than the state's 2012 median income.

If your income is above the median income for the family your size of your household in your state, you may have to file a chapter 13 bankruptcy.

It takes the size of your family and the median income for your state into consideration.

If having a quality education isn't convincing enough, the College Board states that the median family income in 2008 for those with a bachelor's degree or more was $ 101,099, compared to $ 49,414 for those with just a high school diploma.

If you file Chapter 13 bankruptcy with income that is below the median for a family of your size in your state, your Chapter 13 payment plan will be for three years.

The State Median Family Income by Family Size for bankruptcy gets updated from time to time.

Simply put, families and individuals who are at or below the state's median income for the same sized family are eligible to file a Chapter 7 bankruptcy.

To qualify to file a Chapter 7, you normally have to be able to pass a Means Test devised by federal law, or you have to be at or below the median income for a family your size in the state in which you live and are filing.

The legal test for who may file Chapter 7 Bankruptcy is a complicated two - part test that compares your income to the median income for a similar family in your state, then compares it to the amount of debt you have.

As noted earlier, if the Chapter 13 debtor's income is greater than the state median income for the debtor's respective family size, the plan proposed must be for 5 years.

If your household income for a family your size is less than the median income for the state, you will generally qualify to file a Chapter 7 bankruptcy.

* Based on the average cost of care for one child in relation to the state median family income among households with children

For instance, some states such as New Jersey, New York and Louisiana have high insurance costs, especially when measured against median family income, yet their uninsured motorist rates were 12 percent or less at the time of the study.

Median income for a family is approximately $ 59,000 and with the low cost of living, that money goes significantly farther than it might elsewhere in the state.

Despite evidence of the positive impact of high - quality early childhood education for all children, it remains out of reach for most low - and moderate - income families.15 The average price of center - based care in the United States accounts for nearly 30 percent of the median family income, and only 10 percent of child care programs are considered high quality.16 Publicly funded programs — such as Head Start, Early Head Start, child care, and state pre-K programs — are primarily targeted at low - income families, but limited funding for these programs severely hinders access.17 This lack of access to high - quality early childhood education perpetuates the achievement gap, evidenced by the fact that only 48 percent of low - income children are ready for kindergarten, compared with 75 percent of moderate - or high - income children.18

To illustrate this point, we looked at the data on a state - by - state basis; specifically, we compared the state median family income among households with children (according to the Kids Count Data Center) to the going rates for nannies and day care.

For single parents, South Dakota is one of the worst states to raise a family because the median household income of $ 50,957 is below the national median.

Methodology: GOBankingRates surveyed all 50 states, analyzing eight data points that served as determining factors in the ranking: (1) median household income, sourced from the Census Bureau in 2015 dollars; (2) median home listing price as of June 2017, sourced from Zillow; (3) food spending, using the grocery index sourced from Missouri Economic Research and Information Center and multiplying it against the average amount spent on food from the BLS consumer spending survey from July 2015 - July 2016; (4) employee health insurance premium contribution, sourced from the Commonwealth Fund; (5) annual child care costs for an infant and a 4 - year - old, sourced from Child Care Aware of America; (6) whether the state offers paid time - off for family leave; (7) whether the state has expanded the earned - income Tax Credit at the state level; (8) whether the state expanded Medicaid coverage as part of the Affordable Care Act.

What makes Delaware one of the best places to raise a family is the state's high median household income and support systems for low - income families, which include Medicaid expansion and an earned - income tax credit (though at a lower rate than other states).

However, Arkansas isn't one of the best states to raise a family for single parents because the median household income of $ 41,371 is the second - lowest in the nation.

Connecticut is one of the better states for single parents to raise a family thanks to its high median household income of $ 70,331.