New Mexico Administrative Code
Title 8 - SOCIAL SERVICES
Chapter 139 - FOOD STAMP PROGRAM
Part 520 - ELIGIBILITY POLICY / INCOME AND DEDUCTIONS
Section 8.139.520.12 - CALCULATING INCOME
Current through Register Vol. 35, No. 6, March 26, 2024
To determine a household's income eligibility, the following guidelines will be followed:
A. The gross monthly income of all members, minus any income exclusions, is a household's gross income. Households which do not include elderly or disabled members must meet the gross income standard before other calculations are made.
B. Twenty percent of gross earned income is subtracted to determine net monthly earned income. or multiply the gross earned income by eight percent.
C. Total monthly earned income of all household members, minus income exclusions, if any, is added to net monthly unearned income.
D. The standard deduction is subtracted.
E. If a household member(s) is entitled to an excess medical deduction, the amount of medical expenses that exceeds $35 is deducted.
F. Allowable monthly dependent care expenses, if any, are subtracted, up to the maximum amount allowed per dependent.
G. Subtract allowable monthly child support payment.
H. Add allowable shelter expenses to determine total shelter costs.
I. Subtract from total shelter costs fifty percent of the household's monthly income after all of the above deductions have been subtracted. The remaining amount, if any, is the excess shelter cost.
J. The household's net monthly income is compared to the net income standard Subsection E of 8.139.500.8 NMAC to determine eligibility.
