Multiplying nontaxable income by 125%
We can multiply your nontaxable income by 125% if it helps you qualify.
Nontaxable income might include child support payments, Social Security, or worker's compensation benefits.
For example, let’s say you received $7,000 in child support payments. You could calculate child support as $7,000 or $8,750 ($7,000 * 125%.) You can use whichever number helps you qualify.
You will need to give us documents that verify that the income is non-taxable. This can be a tax return, award letter, or account statement.
Households with a dependent who is a full-time student
If your household includes a dependent who is a full-time student, we will only count $480 of their income.
For example, if last year:
Your salary was $35,000
Your child is a full-time student and made $2,000 at a part-time job
Your annual household income would be $35,480, because we only count $480 of your child’s income.
The student must be under 25, and must be claimed as a dependent on your federal tax return. We will need a letter from the student's school or college that verifies their full-time status.