FAA4.B Liquid Assets (LIAS) : 03 Liquid Asset Types - Overview : S Tax Refunds – Federal – Liquid Assets
S Tax Refunds – Federal – Liquid Assets
 
(07/01/11 –09/30/11)
Per Urgent Bulletin emailed 01/05/2021, there is a second Economic Impact Payment (EIP) also referred to as Stimulus Payments.
 
Federal tax refunds are not countable as a resource in the month of receipt and the 12 months after the month of receipt.
 
NOTE This policy also applies to all Federal tax refunds received during the calendar year of 2010.
 
Key OX on the LIQUID ASSETS screen in AZTECS.
 
For treatment as income, see Tax Refunds - Unearned Income