Get Latest WorkWORLD

Rental Voucher Program (MRVP) - Countable Income - Massachusetts

Countable income for determining gross household income for the Massachusetts Rental Voucher Program (MRVP) includes all of the following items:

·      The full amount, before any payroll deductions, of wages and salaries, overtime pay, commissions, fees, tips and bonuses, and other compensation for personal services.

·      Income from the operation of a business or profession by each self-employed household member after deduction for the ordinary and necessary expenses of the business or profession. These deductible expenses cannot exceed 85% of gross receipts. Deductible expenses do not include rent or utilities paid for the tenant’s unit, if the business or profession is located in the tenant’s unit.

·      Income of any kind from real or personal property including rent, dividends, and interest. Any realization of taxable capital gain on sale or transfer of an investment or other real or personal property is counted as income.

·      Periodic payments received from Social Security, annuities, retirement funds, and pensions, individual retirement accounts, and other similar types of periodic payments of retirement benefits, excluding non-taxable amounts that constitute return of capital and are specifically identified as such by payer.

·      Payments in lieu of earnings, such as unemployment compensation; Supplemental Security Income (SSI); Social Security Disability Income (SSDI); and benefits in lieu of earnings under disability insurance, health and accident insurance or workers’ compensation. An unallocated lump sum settlement or similar payment all or partly on account of lost wages resulting from an injury shall be equitably allocated to reflect a monthly payment on account of lost wages for the period during which the recipient is likely to be disabled from the injury and the recipient will be deemed to receive such a monthly payment each month during the continuance of his or her disability until the allocated funds are deemed exhausted. Payments from the government, subsequently reimbursed to the government, are not included as income.

·      Regularly recurring contributions or gifts received from non-household members. To be regularly recurring, a contribution or gift must occur at least twice a year for two or more years. A contribution or gift in excess of $2,000 which occurs once a year from year-to-year for two or more years is also considered to be regularly recurring.

·      Regular payments of public assistance, excluding food stamps.

·      Payments received for the support of a minor, such as payments for child support, foster care, Social Security, or public assistance, including payments nominally made to a minor for his or her support but controlled for his or her benefit by a household member who is responsible for his or her support.

·      Winnings such as lottery and gambling winnings, and similar receipts

·      Receipts of principal and income from the trustee of a trust, and receipts of income from the executor or administrator of an estate or from some other fiduciary.

·      Alimony or payment for separate support.

For more information, see:

Rental Voucher Program (MRVP) - Overview - Massachusetts

Rental Voucher Program (MRVP) - Household - Massachusetts

Rental Voucher Program (MRVP) - Gross Household Income Overview - Massachusetts

Rental Voucher Program (MRVP) - Gross Household Income Deductions - Massachusetts

Rental Voucher Program (MRVP) - Gross Household Income Exclusions - Massachusetts

WorkWORLD™ Help/Information System

   Share/Save: Click the button or link at left to select your favorite bookmark service and add this page.

This is one topic from the thousands available in the WorkWORLD™ software Help/Information System.
Complete information about the software is available at: http://www.WorkWORLD.org