Idaho Administrative Code
Title IDAPA 16 - Health and Welfare, Department of
Rule 16.03.08 - TEMPORARY ASSISTANCE FOR FAMILIES IN IDAHO (TAFI) PROGRAM
Section 16.03.08.231 - CALCULATION OF SELF-EMPLOYMENT INCOME
Current through August 31, 2023
The Department calculates self-employment income by adding monthly income to capital gains and subtracting a deduction for expenses as determined in Subsection 231.03 of this rule. (3-17-22)
01. How Monthly Income is Determined. If no income fluctuations are expected, the average monthly income amount is projected for the certification period. If past income does not reflect expected future income, a proportionate adjustment is made to the expected monthly income. (3-17-22)
02. Capital Gains Income. Capital gains include profit from the sale or transfer of capital assets used in self-employment. The Department calculates capital gains using the federal income tax method. If the household expects to receive any capital gains income from self-employment assets during the certification period, this amount is added to the monthly income, as determined in Subsection 231.01 of this rule, to determine the gross monthly income. (3-17-22)
03. Self-Employment Expense Deduction. The Department uses the standard self-employment deduction in Subsection 231.03.a. of this rule, unless the applicant claims that their actual allowable expenses exceed the standard deduction and provides proof of the expenses described in Subsection 231.03.b. of this rule. (3-17-22)