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

Effective 09/01/2023

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affected and to comparable disaster assistance provided by states, local government, and disaster assistance organizations.

Displacement by Federal or Federally Assisted Programs Payments for relocation made to persons displaced by federal or federally assisted programs which acquire real property, [under Section 216 of Public Law No. 91-646, the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1980 (84 Stat. 1902, 42 USC 4636)] is excluded from income.

X

Dividends* A sum of money paid to shareholders of a corporation out of earnings.

X

Letter from corporation declaring amount, bank statement, 1099-DIV form for verification year, or Federal tax return (if the annual combined total earned is less than $120, ignore the income).

Dividends reported on credit union bank statements are interest payments and are not counted as income.

*Pro-rate for the verification period selected.

Earned Income (*Bonuses, Profit- sharing, Severance Pay, Paid Time Off) Wages, Salaries, Commissions, Tips, Vacation Pay, Overtime Pay, Paid Time Off (PTO), Sick Leave, Bonuses*, Profit Sharing*, Severance Pay*, Per Diem.

Includes income from Goodwill Industries.

Was the wage/bonus received within the verification period?

No – not counted as income

*Yes – counted as income and pro- rated for the verification period (see below)

Example #1

depends

** For households using pay stubs, you may use the gross amount (gross amount before any pre- tax deductions) on the stub. Pre-tax retirement investments may be deducted from gross income if taxable gross is shown. Deductions not allowed to be deducted from gross income are: Federal Income Taxes, State Income Taxes, FICA (Social Security),