7122.3 What is Counted for Medical Assistance

Self-employment income for all medical programs will be based on the countable net income as reported on the federal income tax form. The individual will be required to provide a copy of the most recent tax return. If the individual does not file taxes or has not yet filed because this is a new self-employment enterprise, or the current return is not representative, completion of the Self-Employment Worksheet by the individual is required.

The net countable income reported on either the federal tax return or the amount determined from the Self-Employment Worksheet applying the IRS income and expense counting rules shall be used.