What counts as household income?

HOUSEHOLD INCOME INCLUDES:

1.All taxable and non-taxable income
2.Wages & salary
3.Bonuses & awards
4.Severance pay
5.Interest & dividends (including nontaxable from any source)
6.Trust income
7.Alimony & support payments
8.Disability payments
9.Loss carry-forwards & depreciation (added back in from tax return deductions)
10.Retirement income & pension (gross amount)
11.Voluntary contributions to a tax-deferred retirement plan
12.Annuities (gross amount)
13.Capital gains
14.Workers’ compensation, state unemployment, & nontaxable strike benefits
15."Loss of time" insurance payments (gross amount)
16.Social Security & Medicare
17.Cash public assistance or relief. (Includes welfare payments and other cash relief that can be applied to any purchase.)
18.Military service payments

HOUSEHOLD INCOME DOES NOT INCLUDE:


1.Federal income tax refunds (See *NOTE below)
2.Federal childcare credits (See *NOTE below)
3.Federal earned income credits (See *NOTE below)
4.Reverse mortgage payments
5.Senior program volunteer payments
6.Gifts
7.Bequests (inheritance)
8.Relief in kind from a tax-exempt source (non-government)
9.Relief in kind from a public or private agency
10.Surplus food
11.Food stamps
12.Insurance payments (considered compensation for a loss, not income)

*NOTE: If a tax “refund” exceeds the amount of taxes due, it is in the nature of “cash public assistance or relief,” and is thus included in “income” under Section 59-2-1202(6)(a).

Show All Answers

1. Can I apply for more than one program?
2. Do I have to apply every year?
3. What counts as household income?
4. What if I missed the deadline to apply?
5. What happens after I apply?
6. What if I move or sell my home?
7. What if my property is in a trust?