Income Calculations

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...

HUD-assisted households are required to report all income from all sources to the owner or manager during certification or recertification. One component of annual income is any income the household’s assets generate. And sometimes, households may dispose of assets for less than fair...

Most managers find it easy to calculate the allowance for child-care expenses when the care allows the only adult member of the household to work. The child-care expenses are simply deducted from household income up to the amount of the member's earned income. But calculating the allowance...