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e. Child Tax Credit (CTC), North Carolina Earned Income Tax Credit (NC EITC) and Federal Earned Income Tax Credit (EITC) Exclude refunds of Child Tax Credit (CTC), North Carolina Earned Income Tax Credit (NC EITC), and Federal Earned Income Tax Credit (EITC) for 12 calendar months beginning the month the refund or payment is received. f. Exclude all other Federal and State tax refunds for 12 calendar months beginning the month the refund or payment is received, g. Verification (1) Verify the amount by examining the check or award letter, or by contacting the source. (2) Ask the a/b if any portion of the payment remains, such as cash on hand or in a bank account, and verify according to the guidelines given for the specific asset. (3) If a/b states that a lump sum payment that might have resulted in excess resources for the budget unit has been spent, accept the a/b’s written statement of the following facts: • When and how the money was spent; • Whether or not any of the money is still available; • Whether or not any of the money was given away. h. If lump sum payments are given away in the month of receipt, evaluate for transfer of resources according to MA-2240, Transfer of Assets. 9. Income Received Other Than Monthly Payments or deposits of income, which are received other than monthly are prorated as income. Do not count as a resource for any months in which the payment is counted as income. Examples: Annual rental payments - Do not count as an available resource for 12 months following receipt. Promissory note payments received semi-annually - Do not count as an available resource for 6 months following receipt. 10. German Reparation Payments Do not count German Reparation Payments as an available resource, even when retained in the month following receipt. 11. Funds established as a result of the class settlement in the case of Susan 67