Department of Human Services

Food Stamp Online  Policy Manual

Definition of Income

Unearned Income

Revised: 

20.9

INTEREST PAYMENTS, DIVIDENDS, AND ROYALTIES INCOME

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1240-1-4-.14(2)(e)

These payments and all other such direct money payments, which can be construed to be a gain or benefit, are considered unearned income.  Convert such payments to monthly amounts if received on a weekly, bi-weekly or semi-monthly basis.

 

Note:  Interest income would only be counted if in excess of $60 quarterly. If less it would be exempt.

 

Consider these payments as currently available regular income.   If such payments are received quarterly, prorate them over three months; semi-annually, prorate over six months; annually, prorate over twelve months.

 

Glossary of Terms

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