TN 48 (03-05)

SI 00810.005 What is Income

Citations:

Social Security Act, section 1612(a);

Regulations - 20 CFR 416.1102, 416.1103

A. Definitions

1. Definition of income beginning 03/09/2005

Income is any item an individual receives in cash or in-kind that can be used to meet his or her need for food or shelter.

Income includes, for the purposes of title XVI, the receipt of any item which can be applied, either directly or by sale or conversion, to meet basic needs of food or shelter.

NOTE: See SI 00835.400 for in-kind support and maintenance policy and procedures pertaining to this regulation change.

2. Definition of income before 03/09/2005

Income is any item an individual receives in cash or in kind that can be used to meet his/her needs for food, clothing, or shelter.

Income includes the receipt of any item which can be applied, either directly or by sale or conversion, to meet basic needs of food, clothing, or shelter.

3. In-kind income