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Countable Income 106 Examples of Countable Income Taxable wages/salary (before taxes are taken out) Self-employment (profit once business expenses are paid) Social Security benefits Unemployment benefits Alimony received (for settlements finalized on or before December 31, 2018) Most retirement benefits Interest (including tax-exempt interest) Net capital gains (profit after subtracting capital losses) Most investment income, such as interest and dividends Rental or royalty income (profit after subtracting costs) Other taxable income, such as canceled debts, court awards, jury duty pay not given to an employer, cash support, and gambling, prizes, or awards Foreign earned income State agencies should be alert for pre-tax income. For example, contributions to dependent care accounts, health insurance premiums, flexible spending accounts, retirement accounts and commuter expenses that are deducted from an employee’s pay before federal income tax is withheld are NOT included as income. Comparing Results to Eligibility Levels Determining Household Income Constructing a Household Purpose $