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Median Income in Florida

With few exceptions, qualifying for a Chapter 7 Bankruptcy requires a debtor to show that their household income is less than the median household income for the same family size in their region. These amounts are updated and changed each year by the IRS. In Florida the numbers currently are as follows:

Household Size Median Income
1 $40,029
2 $50,130
3 $54,594
4 $65,135

*For each additional member beyond 4, add $7,500.

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