Income averaging definition

Income averaging means a process of using a history of past or current income and averaging it over a determined period of time that is representative of future income.
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Income averaging means using a history of past income and expected changes, and averaging it over a determined period of time that is representative of future monthly income.
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Income averaging means a process of using a history of past and current income and averaging it over a determined period of time to represent future income.
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Examples of Income averaging in a sentence

  • The negative income of the applicant or their partner cannot be deducted from the other’s income.6.3.5 Income averaging not permitted‌Parental income cannot be averaged over several years (e.g. as allowed by the Australian Taxation Office for primary producers).

  • Income averaging for farmers not to increase alternative minimum tax.

  • Contact information for all Property Owners on title must be provided, and all Property Owners must review and agree to these CEIP Terms and Conditions.

  • Under such circumstances, the client will be required to re-apply to establish their eligibility.4. Income averaging can only be done once in any 3 month period commencing on the 1st day of the month in which the lump sum was received.

  • Validate against real-world and reported results in California and the rest of the country.

  • Income averaging may only be used in situations involving a current client.1. Anytime a one-time lump sum payment is received that would otherwise render a current client ineligible for General Assistance because they would be over the monthly income guidelines, the Caseworker may use the following formula to average the clients income during the current calendar month and the next two calendar months.

  • Income averaging (IA) is available only to the extent permitted and subject to the procedures, restrictions and other requirements specified in MBOH compliance materials.

  • Income averaging for amounts received in connection with the Exxon Valdez litigation.

  • Income averaging for farmers not to increase alternative minimum tax liability.Sec.

  • Income averaging of corrected civil service annuity benefit payments.


More Definitions of Income averaging

Income averaging means a process of using a history
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Income averaging means using a history of past income R986-304-408. Income Standards.
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Income averaging means using a history of past income occurs making past information unrepresentative of future income. and expected changes, and averaging it over a determined period of The monthly average income shall be adjusted during the year when time that is representative of future monthly income. information about changes or expected changes is received by the
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Income averaging means the Partnership’s satisfaction of the minimum set-aside requirements under Section 42(g)(1)(C) of the Code through the use of “the average income minimum set-aside election” pursuant to the Consolidated Appropriations Act of 2018, and the Income Averaging Guidance.
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Related to Income averaging

  • Monthly Average means the highest allowable average of “daily discharges” over a calendar month, calculated as the sum of all “daily discharges” measured during a calendar month divided by the number of “daily discharges” measured during that month. For Fecal Coliform Bacteria (FCB) or E-Coli, report the monthly average.

  • Value Date means, with respect to any FX Transaction, the Business Day (or where market practice in the relevant foreign exchange market in relation to the two Currencies involved provides for delivery of one Currency on one date which is a Local Banking Day in relation to that Currency but not to the other Currency and for delivery of the other Currency on the next Local Banking Day in relation to that other Currency ("Split Settlement") the two (2) Local Banking Days in accordance with that market practice) agreed by the Parties for delivery of the Currencies to be purchased and sold pursuant to such FX Transaction, and, with respect to any Currency Obligation, the Business Day (or, in the case of Split Settlement, Local Banking Day) upon which the obligation to deliver Currency pursuant to such Currency Obligation is to be performed.

  • Average monthly discharge limitation means the highest allowable average of "daily discharges" over a calendar month, calculated as the sum of all "daily discharges" measured during a calendar month divided by the number of "daily discharges" measured during that month. Compliance with fecal coliform bacteria or E coli bacteria limitations shall be determined using the geometric mean.

  • Calculation Period means the period from and including the seventh scheduled Index Business Day prior to the Stated Maturity to and including the second scheduled Index Business Day prior to the Stated Maturity.

  • Daily Measurement Value means the Specified Dollar Amount (if any), divided by 40.

  • Adjusted Income means, with respect to a HOME Development, the gross income from wages, income from assets, regular cash or noncash contributions, and any other resources and benefits determined to be income by HUD, adjusted for family size, minus the deductions allowable under 24 CFR §5.611.

  • Average daily membership means the total enrollment of