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Tuesday, December 1, 2009

Q&A: Is all social security income that is excluded from income or is it just deferred payments?

From HUD Income Eligibility Documentation:

Gross income that must be included in calculation: Any monthly payments in lieu of earnings, such as unemployment, disability compensation, SSI, SSDI, and worker's compensation.

Not included in income calculation: Deferred periodic amounts from SSI and Social Security benefits that are received in a lump sum amount or in prospective monthly amounts.

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