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contributions, mortgage interest and other “below-the-line” deductions. b. Social Security benefits. All Social Security income benefits are considered countable income when using the MAGI standard to determine eligibility for affordable coverage. This includes Social Security benefits that are considered both taxable and non-taxable income for federal tax purposes. c. Interest Income. Income received from bank accounts, money market accounts, certificates of deposit, and deposited insurance dividends are considered countable taxable income. Additionally, interest on some bonds issued by and used to finance state and local government operations is also counted for the MAGI even though treated as tax-exempt for federal tax purposes. d. Foreign earned income. Foreign earned income is countable for the MAGI. This includes all income received from sources within a foreign country or countries earned for services when either performed by: a U.S. citizen and a bona fide resident of a foreign country for an uninterrupted period of time that includes an entire tax year; or a U.S. citizen or resident who, during any period of twelve (12) consecutive months, is present in a foreign country for at least three hundred thirty (330) full days during that period. e. Medicaid specific adjustments to income. Special Medicaid adjustments are as follows: (1) Taxable lump sum payments (such as gifts, prizes, income and property tax refunds) are counted only in the month received. (2) Educational scholarships, awards or fellowships used for education purposes are excluded from consideration as income. (3) Certain types of income for American Indian/Alaska Native persons are excluded. f. Treatment of other sources of income for Medicaid eligibility are summarized in the table that follows: