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• SSSC - Social Security Surviving Child • SSSS - Social Security Surviving Spouse • SSWW - Social Security Disabled Widow(er) Note Social Security benefits are not considered when determining if a person is “expected to be required” to file a tax return for the current year (see SECTION 2.8 MODIFIED ADJUSTED GROSS INCOME COUNTING RULES). 5. Income From a Bequest, Devise, or Inheritance Count income from a bequest, devise, or inheritance in the month it is received. 6. Income Generated From Property Given to a Trust Count income generated from property given to a trust if the income is paid, credited, or distributed to the person. Example 1 Keisha is the beneficiary of a trust. Land was given to the trust, and it generates interest that is distributed to Keisha as the beneficiary. Count the interest as unearned income, but do not count the value of the land or the trust. 7. Land Contract Count only the portion of monthly payments received that are considered interest from a land contract as unearned income. Deduct from the gross countable interest any expenses the person is required to pay by the terms of the contract. Do not count the principal as income (because it is the conversion of one asset form to another). If the income is received monthly, budget it monthly. If the income is received less often than monthly, prorate the income to a monthly amount. Do not begin budgeting this monthly amount until the person first receives a payment after becoming eligible. Example 2 Bob receives land contract payments from Farmer Brown twice a year: one $5,000 payment in March and another $5,000 payment in September. Ten percent of that payment is interest. When Bob applies for BadgerCare Plus in February, prorate the interest portion of the land contract payments Bob receives after he becomes eligible. In March, when Bob receives a $5,000 land contract payment, divide the total countable income ($5,000 multiplied by 10% equals $500 of countable interest income) by the frequency of the payments (six months) to get the budgeted income amount of $83.33 per month. Begin budgeting this amount in March. 8. Loans If a BadgerCare Plus applicant or member makes a loan (except a land contract), count only the portion of the repayment to that applicant or member that is interest. Count the interest as income in the month received. 9. Profit Sharing Count profit sharing income as unearned income in the month received. Tax-deferred contributions made to a profit-sharing plan are not taxable and are not counted as income. 10. Retirement Benefits Retirement benefits include work-related plans for providing income when employment ends (for example, pension disability or retirement plans administered by an employer or union).