In-Kind Income 415-25-05-20-10

(Revised 10/02 ML #2812)

View Archives

 

 

"In-kind" income occurs when something of value is received in lieu of a cash payment for the applicant's goods or services. The dollar amount must be included in the household income UNLESS it was required, without option, as a part of employment or as a gift. The value of the goods received may have been verbally negotiated or specified in a written document and must be verified. Otherwise, a mutually acceptable market value must be negotiated with the applicant. Small and irregular "in-kind" income is exempt. (See 415-25-05-30, Item 2.)