PM 08-02-06-i: Interest Income

WAG 08-02-06-i.

Interest earned on a savings account, or on any assets exempted by Federal Law (see PM 07-02-18), is exempt unearned income if total nonexempt assets are less than the asset limit. If nonexempt assets exceed the asset limit, the interest on a savings account or federally exempt assets is nonexempt income.