Can Future Expenses & Bills be Deducted from Zakat Calculation?

No, future expenses and bills that have not yet been incurred cannot be deducted from your Zakat calculation.

Zakat is based on your current net wealth, which includes assets you own right now, minus any existing liabilities.

Here’s what you need to know:

• Zakat on Current Wealth:

Zakat is calculated only on the wealth you currently possess. You are required to pay Zakat on assets in your hands right now.

• Future Expenses:

Bills or expenses for future months, like next month’s rent or upcoming utility bills, cannot be deducted from your Zakat at the time of calculation. They are future obligations that do not affect your current wealth.

• Current Liabilities:

Only immediate debts or expenses that are due can be deducted from your total wealth. These are liabilities you currently owe and need to account for when calculating your Zakat.

• Focus on What You Have:

Zakat is calculated based on what you own at this moment. If you do not have the money or resources at the time of calculation, you do not pay Zakat for it.

Hence, future expenses do not factor into your Zakat calculation since they are not yet liabilities. Only current wealth and debts are considered when determining how much Zakat you owe.

And Allah knows best!