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S N A P M A N U A L
141 • Payments on the principal of the purchase price of income-producing real estate and capital assets, equipment, machinery, and other durable goods • Interest paid to purchase income producing property • Insurance premiums • Taxes paid on income producing property • Internet access fees incurred for businesses selling their goods through the Internet Costs not allowed include: • Net losses from previous periods • Any expenses covered by the earned income deduction in Section 12.3 Earned Income Deduction. This includes federal, state, and local income taxes, money set aside for retirement purposes, and other work related personal expenses (such as transportation to and from work). • Costs of producing home produce intended for family consumption • Family living expenses • Entertainment expenses • Personal debts • Depreciation expenses except as allowed in capital gains income • Any amount that exceeds the payment a household receives from a boarder for lodging and meals
1 1 . 5 U N E A R N E D I N C O M E Unearned income is all income that is not earned from one’s job or profession or money that an individual receives from sources other than employment. Unearned income will include, but not be limited to: Unearned Income Description NOTE/Exception: (A) Adoption subsidy Adoption payments that help adoptive families access medical care, counseling or therapy, special equipment, tutoring programs, and other supports that assist them in raising their children who have special needs. Exception: any portion which covers medical care (B) Alimony payments Spousal support that is a legal obligation to financially support a spouse before or after marital separation or divorce. Count as unearned income any alimony payments (court-ordered or voluntary) made directly to the household from non-household members, excluding any fees withheld.
(C) Annuities A series of payments made at equal intervals from a form of insurance or investment. NOTE: Average over the period of time intended to cover.