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Iowa LIHEAP Policy and Procedures Manual Appendix C – Income Source Guide

Effective 09/01/2023

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Cash Gifts Cash gifts such as gift cards (or any other type of gift cards), birthday money, direct payments to a utility on behalf of a household, financial help from family members, funds received from GoFundMe and other crowd- funding sources are not considered income.

X

CDs (Certificates of Deposit) A certificate issued by a bank to a person depositing money for a specified length of time.

X

Child Support Money paid for the care of one’s minor child. Include child support income that is provided to minors.

Scenario: Household includes one person who pays another person in the household for child support. This is NOT counted as income for the payee. .

X

NOTE: Child support is not considered a fixed income source.

Child Support – Back Pay* The obligor was behind on child support payments. When taxes were filed, the government retained what was owed and paid it to the obligee.

X A payment record is required as proof of income.

Child Tax Credit (American Rescue Plan) The Child Tax Credit (CTC) in the American Rescue Plan Act, signed into law by President Joe Biden on March 11, 2021, provides the largest Child Tax Credit ever to America’s working families. The American Rescue Plan increased the Child Tax Credit from $2,000 per child to $3,000 per child for children over the age of six and from $2,000 to $3,600 for children under the age of six, and raised the age limit from 16 to 17. All working families will get the full credit if they make up to $150,000 for a couple or $112,500 for a family with a single parent (also called Head of Household).

X