FF Lump Sum Payments

FAA4.H Unearned Income (UNIN UNIC) : 03 Types of Unearned Income - Overview : FF Lump Sum Payments

Lump Sum Payments

(02/01/16 - 03/31/16)

Lump sum payments are not countable as income. Count lump sum payments as a resource.

EXCEPTION

When a payment is received that combines the lump sum payment with the normal ongoing payment, key the portion of the normal ongoing payment using the appropriate income code of that source of income. See Example Lump Sum

Lump sum payments include back payments for initial months or restored benefits. This includes, but is not limited to, the following:

●Assistance Payments

●Child Support

NOTE Payments that are recurring are considered arrearages. (See Budgeting Child, Medical, and Spousal Support)

●Social Security Administration

●Veterans Administration (VA) benefits

●Unemployment Insurance (UI) benefits

●Railroad Retirement (RR) benefits

●Indian Gaming Industry Per Capita Disbursements

●Profit Sharing Dividends