Section 182-509-0370 - MAGI income-How self-employment income is countedFor purposes of determining eligibility for modified adjusted gross income (MAGI)-based Washington apple health, the medicaid agency counts self-employment income by:
(1) Adding together gross self-employment income and any profit made from selling business property or equipment over a period of time; and(2) Subtracting business expenses and income deductions allowed by the Internal Revenue Service that the person would be entitled to if they were filing a federal tax return and either: (a) Averaging the income to come up with a monthly amount based on the period of time the business has been in operation within the last year; or(b) Averaging the income over a representative period of time if the current income does not represent the person's projected income as shown by clear indications of future changes in income; or(c) By averaging the self-employed income and deductions claimed on the previous year's tax return over a representative period of time.Wash. Admin. Code § 182-509-0370
Adopted by WSR 14-01-021, filed 12/9/13, effective 1/9/2014Amended by WSR 21-17-085, Filed 8/13/2021, effective 9/13/2021