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does rental income count against ss income limits
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∙ 6y ago
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Is your income tax return qualify as income?
In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)
Does year end cash balances count against net income?
Cash balances do not affect net income. The year end cash balance will be reflected on the Balance Sheet and Statement of Cash Flows.
Do deposits count as income?
no Yes.
Does selling old furniture count as income and do you have to pay income taxes on it?
yes
Does an inheritance count as earned income?
yes it does
Does other financial resources affect child support amounts?
It depends, if you have a trust fund that gives you money every month, yeah, that would count. If you have a credit card with a million dollar limit, no that doesn't count. Rental property income would. Any taxable income is a consideration.
Does rental property count as a residence?
Only if it was purchased as a second home. Check with your lender. Otherwise it is just income or loss. You can usually depreciate the house for a loss. Check with your tax person for that.
Does a parent's income count against 17-year-olds applying for financial aid for students?
Yes, a parent's income does count when a 17-year-old is applying for financial aid for students. The Free Application for Federal Student Aid (FAFSA) requires information about the parent's income and financial situation to determine the student's eligibility for federal student aid.
You have annuity and a CD can you still get ssdi?
Yes, you can still qualify for Social Security Disability Insurance (SSDI) even if you have an annuity and a Certificate of Deposit (CD). The income and assets from these sources may affect your eligibility and the amount of benefits you receive, but they will not automatically disqualify you from receiving SSDI. It is important to review your specific financial situation with a Social Security Administration representative to determine your eligibility.
Can you use federal financial aid as a source of income for a loan?
No, that is getting a loan with a loan. If anything it will count against your credit worthiness.
Does Social Security disability income count as income for medicaid?
Social Security benefits (retirement and disability) count as income for Medicaid. However, Supplemental Security Income (SSI) does not count as income for Medicaid.
Do loans count as income for tax purposes?
No, only that money which you earn or interest from investments count as income and it is only income that is taxed, not money that you borrow.
Is your income tax return qualify as income?
In the U.S., your federal income tax refund does not count as taxable income for the next year. If you receive a refund from your state, and you itemized your deductions on the federal return, then the state refund will count as income on your federal return. (If you didn't itemize, then your state refund won't count as income.)
Does year end cash balances count against net income?
Cash balances do not affect net income. The year end cash balance will be reflected on the Balance Sheet and Statement of Cash Flows.
Does Medicaid count a credit card as income if you are in a nursing home?
No it is not income.
Do deposits count as income?
no Yes.
Does it count against your insurance if you get a driving under suspension that gets thrown out of court and don't count against you?
You just answered your own question. If it was thrown out and don't count against you, then obviously it don't count against you.
