Income Determination

Thursday, June 22, 2023 - 9:00am

Income Determination Training
Virtual Training provided by ICF International, Inc.
Thursday, June 22, 2023

Registration is open!

This virtual training will be presented as two, 2-hour webinars provided by trainers Shawna Moraille and Jayme Abbott.

Topics will include:

Income Basics
      Key Terminology
      Using the Two Definitions
      Overview of Income Eligibility Process
      Resources

Determining Income
      Determination of Applicant Household
      Verification of Income
      How to Read a Tax Return
      Wage Rates and Variations in Pay
      Other Common Sources of Income
      Timing of Income Verifications
      Annual Income Reverification

Calculating Gross Income: Using the Two Definitions

Part 5 Definition
      Income Inclusions and Exclusions
      Asset Inclusions and Exclusions

IRS 1040 Definition
      Taxable Income Inclusions and 1040 Adjustments
      Taxable Assets

Demonstration of CPD Income Eligibility Calculator

Overall Income Policies, Procedures, and Recordkeeping

Calculating Adjusted Income/Tenant Based Rental Assistance – only for those operating TBRA programs