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PERSONAL CHECKING ACCOUNT: Countable. Current month income deposited into a bank or credit union account is income in the month received and a countable resource in future months, to the extent retained. PLAN for ACHIEVING SELF-SUPPORT (PASS): Exclude income an SSI recipient deposits into an approved PASS account, as well as the PASS account itself. The exclusion continues until the PASS contract expires or ends or the individual no longer receives SSI payments. PREPAYMENT of MORTGAGE, RENT or OTHER EXPENSES: Prepaying rent is a countable resource unless the individual cannot receive the money back under any circumstances (i.e., lease agreement has a ‘no refund’ policy or the landlord states, in writing, that funds will not be returned to the renter). Unless the facility refuses to refund the payment, prepaying nursing home facility charges that exceed the estimated patient liability is a countable resource. Prepaying a mortgage is not considered a resource. PROPERTY/ EQUIPMENT ESSENTIAL for EMPLOYMENT: Excluded as essential for the production of earned income, unless otherwise indicated below. See also ‘Income Producing Property’ in this section and “Resources” in the Self-Employment Income section, CMA 503-1 Self-Employment Income Exclude resources that, as a condition of employment (other than self-employment), must be furnished by the employee. An employer-employee relationship must exist that requires the employee to furnish the resources/tools. NOTE: Other business structures, including LLCs, partnerships and other entities, may report income on Schedule C, F or SE. These entities are not self-employment businesses and property owned by them is not owned by the household; therefore, these resource exclusions do not apply. To exclude property as necessary for self-employment the property owner must be materially participating in the self-employment business a minimum of 10 hours per week. See ‘Income-Producing Property’ for more information. Self-employment/farm resources may include: · Tools/equipment such as those needed by a carpenter, mechanic, cosmetologist, etc.; · Stock (such as office supplies) or raw materials · Personal property essential for income production · Office equipment such as furniture, computers, calculators, etc. · Business loans for the purchase of capital assets · Inventory · Machinery and equipment