Section 8. Earned Gross Income

A. Definitions: Earned gross income is defined as income received in the form of wages paid on a predetermined regular basis, pay received irregularly for work performed irregularly, or income resulting from self- employment activities. Income from rental property, if 20 hours or more per week are spent working as a landlord, is also countable as earned income. B. Exclusions: The following are not counted as gross income: (1) in-kind benefits: (i.e. good or services realized, provided or exchanged for non-monetary compensation); (2) vendor payments: (i.e. payments made on behalf of a household to a third party); (3) lump sum payments: see food stamp regulations on lump sum payments in 8.139.520.9 NMAC; (4) loans; (5) charitable contributions from nonprofit agencies to meet household expenses; (6) earned income tax credits; (7) value of food stamps; (8) TANF annual clothing allowance; (9) monies received for the care of a third party beneficiary who is not a household member; and (10) monies excluded by federal statute, a listing of which can be found in food stamp policy citation 8.139 NMAC.