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

Effective 09/01/2023

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Savings Savings refer to money put aside for future use rather than spending it immediately.

Note – only count if Savings are over $50,000 as indicated on the LIHEAP application

X Statement from source, or bank statement.

Scholarships A scholarship is an award of financial aid for a student to further their education.

X

SCSEP/MEP (Senior Community Service Employment Programs, Making Employment Pay)

Examples include: Experience Works (formerly known as Green Thumb – U.S. Code Chapter 35 of Title 42), AARP, National Able Network, etc.

X

Only count if employed full-time. Seasonal Workers* A seasonal worker is an employee who performs labor or services on a seasonal basis.

Example: A customer is a seasonal worker for 9 months out of the year as a school bus driver and presented a 1099. How do we pro-rate this customers’ income for 30-days verification? Take the annual amount (in this case it’s 9 months) and divide by 12 months. One month’s worth of income should be used.

X

W-2, 1099

*Pro-rate for the verification period selected. Self-Employment Income

Income from a business, less business expenses.

X

Filed Federal tax return required if deducting business expense, otherwise gross income is used. The LIHEAP program does NOT deduct business expenses. Self- employed individuals are encouraged to file a Federal tax return, where deductions are made.

When unable to use a Federal tax return (e.g., a new business, taxes weren’t filed, etc.), customer is to complete the Self-Employment Form, which can be found in the Members