Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How much can be held in assets and still be eligible for subsidy assistance?

assets eligible held subsidy
0
10 Posted

How much can be held in assets and still be eligible for subsidy assistance?

0
10

Each property must comply with their subsidy programs income limits. When determining the income of an applicant, it is the actual income derived from the asset that is included in income, not the value of the asset. The exception is when the cash value of all of the assets is in excess of $5,000, then the amount included in annual income is the higher of 2% of the total assets cash value or the actual income derived from the assets.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123