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.

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.

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.

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.

• 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.

• 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 applies to the designated income/rent levels of the units, not the incomes of individual tenant households.

• No. Income averaging is allowable for new developments making their minimum set- aside/income election after the date of enactment of the Act (March 23, 2018), and is not dependent on the issuance of IRS guidance.

• Income averaging is available, at the state’s discretion, to new developments making their minimum set-aside election after March 23, 2018.

• Income averaging allows Credit-qualified units to serve households earning as much as 80 percent of Area Median Income (AMI), so long as the average income/rent limit in the property is 60 percent or less of AMI.

• Income averaging thus preserves rigorous targeting to low-income households, while providing more flexibility to the program and greater income-mixing potential.

More Definitions of Income averaging

Income averaging means a process of using a history

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.

Income averaging means using a history of past income R986-304-408. Income Standards.

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