Idaho Admin. Code r. 16.03.04.323

Current through September 2, 2024

Section 16.03.04.323 - LUMP SUM RESOURCES

Nonrecurring lump sum payments are considered a resource in the month received, unless excluded under these rules. A household is not required to report changes in resources during a certification period. Some lump sum payments are listed below:

01.Retroactive Payments.

a. Social Security.

b. SSI.

c. Public Assistance.

d. Railroad Retirement Benefits.

e. Unemployment Compensation Benefits.

f. Child Support.

02.Insurance Settlements.

03.Income Tax Refunds, Rebates, or Credits.

04.Property Payments. Lump sum payments and contract payments from sale of property are counted as income.

05.Security Deposits. Refunds of security deposits on rental property or utilities.

06.Disability Pension. Annual adjustment payments in VA disability pensions.

07.Vacation Pay. Vacation pay, withdrawn in one (1) lump sum by a terminated employee.

08.Military Reenlistment Bonuses.

09.Job Corps Readjustment Pay.

10.Severance Pay. Paid in one (1) lump sum to a former employee.

11.TAFI One-Time Cash Diversion Payment.

Idaho Admin. Code r. 16.03.04.323

Effective July 1, 2024