2.5.2 Countable Income

Official source

The following income is considered countable income when determining gross annual family income: • Gross salaries or wages, including regularly received commissions and tips; • Net income from self-employment, independent contract work, freelancer work, or gig work (business expenses may be deducted from gross receipts); • Regular cash income received from dividends, interest, net rental income, estates, trusts, and royalties; • The portion of educational grants that are specifically designated for living expenses; • Pension and retirement benefits including regular distributions from various sources such as government employee pensions, military retirement/pensions, railroad retirement, private pensions, annuities, Individual Retirement Arrangement (IRA) accounts, or 401(k) plans; and • Alimony payments.

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2.5.2 Countable Income

Official source

The following income is considered countable income when determining gross annual family income: • Gross salaries or wages, including regularly received commissions and tips; • Net income from self-employment, independent contract work, freelancer work, or gig work (business expenses may be deducted from gross receipts); • Regular cash income received from dividends, interest, net rental income, estates, trusts, and royalties; • The portion of educational grants that are specifically designated for living expenses; • Pension and retirement benefits including regular distributions from various sources such as government employee pensions, military retirement/pensions, railroad retirement, private pensions, annuities, Individual Retirement Arrangement (IRA) accounts, or 401(k) plans; and • Alimony payments.