5161-19 NON-RECURRING LUMP SUM PAYMENTS
Non-recurring lump sum payments are exempt as income. Generally, lump-sum payments are monies owed to the family from the past. Lump-sum payments include such things as income tax refunds, rebates, or credits, retroactive payments from Social Security or other agencies, and insurance settlements. Lump-sum payments are counted as a resource in the month of receipt.
|
|
||
|
|
|
|