PM 08-04-04-q: Lump Sum Income

WAG 08-04-04-q.

A lump sum (nonrecurring, one-time only) payment is exempt as income but nonexempt as an asset. See PM 07-04-09 for the treatment of a lump sum as an asset.

Lump sum payments include but are not limited to: income tax refunds, rebates, retroactive one-time Social Security, Supplemental Security Income, TANF, railroad retirement benefits, insurance settlements, retroactive child support Pass Through payments, and refunds of security deposits on rental property or utilities.