New Mexico Administrative Code
Title 8 - SOCIAL SERVICES
Chapter 106 - STATE FUNDED ASSISTANCE PROGRAMS
Part 520 - ELIGIBILITY POLICY - INCOME
Section 8.106.520.12 - EARNED INCOME DEDUCTIONS
Current through Register Vol. 35, No. 18, September 24, 2024
A. Earnings deductions: Deductions from gross earned income shall be made in determining the net countable earned income of benefit group members.
B. Business expenses and self-employment costs: Business expenses and self-employment costs shall be deducted from the gross earnings of a self- employed benefit group member. The income remaining after all allowable business expenses and self-employment costs have been deducted shall be counted as the gross income of the benefit group member. To be eligible for a business or self-employment expense deduction, a Tax ID shall be required.
C. Living expense deduction:
D. Child care costs: Out-of-pocket expenses for child care apply only to the GA-unrelated child benefit group. Expenses paid by the unrelated caretaker for the dependent child included in the benefit group that are necessary due to employment of the caretaker shall be allowed.