Income Calculations

ABLE accounts are tax-advantaged savings accounts for individuals with disabilities and their families. They were created as a result of the passage of the Achieving a Better Life Experience Act of 2014, better known as the ABLE Act. The beneficiary of the account is the account owner, and...

Explosive growth in ride-hailing services such as Uber and Lyft are attracting more and more drivers. These drivers earn extra income with the benefit of working flexible hours. According to recent research by JPMorgan Chase Institute, from late 2013 to this spring, the number of households...

The Social Security Administration (SSA) has announced that the monthly Social Security and Supplemental Security Income (SSI) will increase 0.3 percent in 2017. The 0.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 60 million Social Security...

Some of your households may have unreimbursed medical expenses that include travel expenses to and from treatment. And if any of these households are classified as elderly or disabled, HUD permits a medical expense deduction to be used to calculate their adjusted annual income. So be sure these...

While certifying and recertifying households, you may learn that a household member owns rental property that generates income. This doesn’t necessarily mean the household doesn’t qualify for an assisted unit. But you do need to know how to treat the property when calculating the...