06 Budgeting Self-Employment Income

FAA4.J Self-Employment Income (SEEI SEEW) : 06 Budgeting Self-Employment Income

Budgeting Self-Employment Income

REVISION 51

(01/01/23 - 12/31/23)

Policy and procedures regarding budgeting self-employment income are outlined as follows:

●Gross Profit Determination

●Annualizing Self-Employment

●Business Less Than One Year

●Projecting Self-Employment

●Anticipating Self-Employment

●Capital Gains

●Terminated Self-Employment

●Self-Employment Expenses

●Self-Employment Resources

The guidelines outlined in Dependent Child Income must be used to determine when the self-employment income of a dependent child is considered countable or not countable.

Key the dependent child self-employment income using one the following SEEI Income Type Codes in the INC Type field on SEEI:

●OX for income that is not countable for NA and CA

●OF for income that is countable for NA only

For dependent child self-employment income that is countable for both NA and CA, identify the type of self-employment income from Types of Self-Employment Income to determine the correct income code to use on SEEI.

WARNING

Self-Employment income is not countable for Hopi Tribal TANF. When the budgetary unit is also receiving NA, key the following SEEI Income Code in the INC TYPE field:

●OF for income that is countable for NA only

●OX for income that is not countable for NA and CA