answersLogoWhite

0

What else can I help you with?

Related Questions

Does overtime count in gross income?

Yes, overtime pay is included in gross income. Gross income encompasses all earnings before taxes and deductions, which means regular wages, overtime pay, bonuses, and other forms of compensation are all factored in. This total is important for tax calculations and determining eligibility for loans or assistance programs.


Does disability count as income when appyling for section 8?

Disability counts as "untaxed income" and should be reported on question 93i of the form.


Can you foster a child in section 8 housing?

First of all, I want to apologize for taking a long time to answer this question. But I had to make sure that my answer was correct before I would pass it on to you. Here goes: YES, you can foster children under section 8. What's better than that, is that whatever income from fostering the children does not count against your income for the calculation of rent. This is because foster parents are really not supposed to be paid to foster children: they are supposed to use whatever money is given to them by the State for the child's benefit.


Does not receiving child support effect your section 8?

Yes, Section 8 only counts child support payments as income when they become regular. If you are not receiving the payment than they wont count it as income.


Does rental income count against ss income limits?

does rental income count against ss income limits


Does Section 8 housing vouchers count as part of your unearned income when verifying your income for child support?

No. Your local Housing Authority, under the Voucher Program, is paying benefits to your Landlord known as Housing Assistance Payments, or HAP, which does not go to you. In some states it is considered a source of income ONLY for the purposes of your rent. Many landlords have requirements that your income is at least three times the amount of rent. Since the Voucher guarantees that some or most of your rent will be paid by the Government, the landlord must consider that part your income for these purposes. However, in cases where you must list your rent as part of your expenses, you must list how much you actually pay in rent, not the actual rent, if you are receiving assistance via your Voucher.


Can you own a car and qualify for section 8 housing?

Yes you can. While car payments cannot be deducted from your income when the Housing Authority calculates your amount of the rent, a car does not count against your assets if you own just one, or if each family member owns one of their own.


Do capital gains count as income for a Roth IRA?

Capital gains do not count as income for a Roth IRA.


Do loans count as income for taxes?

Loans do not count as income for taxes because they are considered borrowed money that must be repaid, not earned income.


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.


Do 401k loans count as income?

No, 401k loans do not count as income because they are considered loans that need to be repaid rather than income that is earned.