Household Income

Household Income A. Modified Adjusted Gross Income (MAGI) based income rules require that financial eligibility is based on household income for MAGI related programs. B. Household income is the sum of the MAGI-based income of every individual included in the individual’s household minus an amount equivalent to five (5) percentage points of the federal poverty level for the applicable family size, with the following exceptions: 1. The MAGI-based income of an individual who is included in the household of his or her natural, adopted or stepparent that is not required to file a tax return is not included in the household income whether or not the individual files a tax return. 2. The MAGI-based income of a tax dependent other than a spouse or child that is not required to file a tax return is not included in the household income whether or not the individual files a tax return. C. No other income disregards are permitted from gross income other than the five (5) percentage points disregard.