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= 428.57) $428.57 is included as unearned income in the family’s monthly countable income.
Once approved for participation, the family is not required to report additional ANCSA distributions received during the family’s certification period, unless it results in the family’s countable monthly income to exceed eighty-five percent (85%) of the SMI.
f. Non-Recurring Lump Sums Non-recurring lump sums in excess of $500.00 are included in the family’s monthly income when it is received in the month of application or is anticipated to be received the month following application. The amount over $500.00 is pro-rated as follows: • $1.00 - $499.00 = prorate over four (4) months; • $500.00 - $999.00 = prorate over eight (8)months; • $1,000.00 and over = prorate over twelve (12) months.
Sale of a property, also referred to as a capital gain, is a profit from the sale of property, or an investment. The sale of a property or investment is considered a non-recurring Lump Sum. 4080-4 DEDUCTIONS FROM INCOME Deductions from income include child support payments, catastrophic medical and dental payments, and educational expenses.
4080-4 A. CHILD SUPPORT DEDUCTIONS Child support payments made by applying or participating parents, are deductions from their income when the parent is legally obligated to make the child support payment to an individual outside of the Child Care Assistance Program (CCAP) family. To allow a deduction to their income the parent must provide verification of the legally obligated payments made.
1. Verification of Child Support Deductions The Designee will use their agency’s myAlaska account to access Alaska’s Child Support Services Division (CSSD) for verification of child support payments made by all parents on the application at the time of receipt or during application registration unless proof for the three (3) months prior to the month of application from a state child support agency is attached to the application. This