Quiz 11/24/2018: New Income Exclusions

Our Blog just made available an Updated List of income inclusions and exclusions for affordable housing programs. It is available HERE. This week we test reader's knowledge of the changes.

1. The Job Partnership Training Act programs are gone and JTPA is thus removed from the new list of excluded income.

True or False

Bonus question: how is JTPA still relevant to the tax credit program?

2. For section 8 recipients, all student financial assistance from the Higher Education Act of 1965 is excluded as income.

True or False

3. Of the following, which is excluded by the new regulations:

A. Military hazardous duty pay.

B. Amounts garnished from social security payments for past due alimony.

C. Reduced-price lunches under several specific programs.

D. Income received from the JTPA program.

CLICK HERE for answers to this week's quiz

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