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Official source

Manual Title Chapter Page Revision Date Virginia Medical Assistance Eligibility M04 January 2025 Subchapter Subject Page ending with Page M04 MODIFIED ADJUSTED GROSS INCOME (MAGI) M0440.100 16b

p. Tax filers who do not itemize their deductions are permitted to deduct from their MAGI up to $300 in charitable contributions made by an eligible individual in tax years beginning in 2020. q. Under the Federal Pandemic Unemployment Compensation Program, eligible individuals who are collecting certain Unemployment Compensation, including regular unemployment compensation, will receive an additional $600 in federal benefits per week for weeks of unemployment ending on or before July 31, 2020. The $600 weekly Pandemic Unemployment Compensation payments (monthly equivalent of $2,580) are not counted as income. r. COVID-19 relief payments provided under federal law are not counted as income. 3. Income From Self- employ ment The agency must utilize online systems that are available to the agency to attempt to verify self-employment income. If the income cannot be verified through online data sources, an individual reporting self-employment income must provide verification of business expenses, income, and applicable adjustments with forms or schedules including but not limited to IRS Form 1040, Schedule 1, Schedule C (business expenses), Schedule E (expenses from rental income) and Schedule F (expenses from farming). If the individual alleges that current income is not accurately represented by tax records, obtain additional information (such as business records) that documents current income.

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Page 24

Official source

Manual Title Chapter Page Revision Date Virginia Medical Assistance Eligibility M04 January 2025 Subchapter Subject Page ending with Page M04 MODIFIED ADJUSTED GROSS INCOME (MAGI) M0440.100 16b

p. Tax filers who do not itemize their deductions are permitted to deduct from their MAGI up to $300 in charitable contributions made by an eligible individual in tax years beginning in 2020. q. Under the Federal Pandemic Unemployment Compensation Program, eligible individuals who are collecting certain Unemployment Compensation, including regular unemployment compensation, will receive an additional $600 in federal benefits per week for weeks of unemployment ending on or before July 31, 2020. The $600 weekly Pandemic Unemployment Compensation payments (monthly equivalent of $2,580) are not counted as income. r. COVID-19 relief payments provided under federal law are not counted as income. 3. Income From Self- employ ment The agency must utilize online systems that are available to the agency to attempt to verify self-employment income. If the income cannot be verified through online data sources, an individual reporting self-employment income must provide verification of business expenses, income, and applicable adjustments with forms or schedules including but not limited to IRS Form 1040, Schedule 1, Schedule C (business expenses), Schedule E (expenses from rental income) and Schedule F (expenses from farming). If the individual alleges that current income is not accurately represented by tax records, obtain additional information (such as business records) that documents current income.