TYPES OF INCOME

TREATMENT OF INCOME

1. Declared cash winnings, gifts, interest, dividends (may be prorated on a monthly basis), etc.

1. Disregard $10 a month for each income type. If more than $10 a month, count the amount that exceeds $10 as unearned income.

2. Unpredictable gifts of indeterminate value

2. Disregard.

3. Payments from Title I, for Workforce Investment Act (WIA) classroom training

3. Disregard.

4. Earnings received from the employer or compensation in lieu of wages under a Title I WIA program

4. Disregard for a student regardless of age.

5. Title I, WIA program allowance paid to the former ward or vendor payments made to the provider for supportive services, such as transportation, meals, special tools, and clothing. This includes temporary Welfare-to-Work payments made through Workforce Development.

5. Disregard for all ages.

6. Interest on Series E savings bonds and other bonds which accrue interest

6. Consider as unearned income when redeemed.

7. Interest on Series H savings bonds and other bonds which pay dividends or interest

7. Consider as unearned income in month dividend received or reported.

8. Any student financial assistance

8. Disregard.

9. A bona fide loan from any source

9. Disregard.

10. Payments for participating in training or school attendance subsidized by the Division of Vocational Rehabilitation

10. Disregard. Any expenses that the grant or loan covers must not be considered as an educational need on Form IM-26FC.

11. Agent Orange settlement payments

11. Disregard.

12. Payments to AmeriCorps volunteers

12. Disregard.

13. Benefits under Public Law 104-204 for children of Vietnam veterans who were born with spina bifida

13. Disregard.