StacksVerified U.S. regulatory reference

31 CFR §29.525

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov
An individual's ordinary and necessary living expenses include rent, mortgage payments, utilities, maintenance, transportation, food, clothing, insurance (life, health, and accident), taxes, installment payments for which the individual is already liable, medical expenses, support expenses for which the individual is legally responsible, and other miscellaneous expenses that the individual can establish as being ordinary and necessary.