When you calculate a household's annual income, you may encounter a household member who has money in a pension fund or retirement account. It's important to know how to treat this money. But HUD rules on what to do can get confusing.
Most managers find it easy to calculate the allowance for child-care expenses when the care allows the only adult member of the household to work. The child-care expenses are simply deducted from household income up to the amount of the member's earned income. But calculating the allowance...
When you are calculating household income, a “freelancer” presents special challenges. Freelancers are self-employed, and their income often can be sporadic. Paragraph 5-5 of the HUD Occupancy Handbook 4350.3 considers such income to be “irregular” and provides some...
