12/16/2023 0 Comments Income and expense declaration![]() Many employers have discretionary retirement contributions, such as 401k contributions. This information is often found on your paystub. You should list all appropriate deductions that appear on your paystub or that can be verified. You need to inform the court if you have either changed jobs or lost your job within the last 12 months. Lottery income, consistent payments from family, and income from Uber are all reportable. Use this section for one-time or other income. If this applies to your case, the information can be found on Schedule C of your tax returns. You will need profit and loss statements to determine your net income. This section is used if you run your own business. Rental property income is income reduced by expenditures (which includes property taxes, maintenance, and hours managing property). ![]() Use this section if you are receiving income from stocks, rental property, a trust, or from any other source. Public Assistance – This includes social security income. Overtime – Any income earned over your assigned duties.Ĭommissions or bonus income – You will want to be very clear about how your commission scheme works and may want to speak with an attorney to optimize your outcomes. Remember to use gross figures (before taxes). You should put the amount per month and the average amount over the past 12 months. This is your immediate prospective earnings. Salary – Gross salary is what you make before taxes. Remember, to average any income to arrive at a monthly amount. State your regular income, overtime, commissions, and bonuses. The first is for your last month’s income. List the other party’s income and how it was determined. Also include the state where filed and the number of dependents claimed. Take this information directly from your pay stub.Įnter your current age, education background and professional license or vocational training you may have received.Ĭheck the first box if you have filed taxes and the list the year. You should download this form which will help you when reading instructions on how it is to be completed.įile Download (PDF File): fl150 – declaration of income & expenseĬompleting Your Income and Expense Declarationīefore you start to fill complete your Income and Expense Declaration, you should gather the following documents: (1) last 12 months of pay stubs, (2) last two years of filed tax returns, (3) documents for any other income, and (4) a list of your monthly expenses.Įmployer information for your current employer or your most recent employer. The following link is for that Income and Expense Declaration form that is used in all California courts.
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