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Forum
-> Household Management
-> Finances
amother
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Yesterday at 4:37 pm
For all of these programs (or for each program of the answer is different), is eligibility based on AGI (adjusted gross income) or gross income before 401k contributions, etc.
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amother
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Yesterday at 4:59 pm
amother OP wrote: | For all of these programs (or for each program of the answer is different), is eligibility based on AGI (adjusted gross income) or gross income before 401k contributions, etc. |
Each program is different most of them go by monthly income
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amother
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Yesterday at 5:09 pm
amother Hawthorn wrote: | Each program is different most of them go by monthly income |
Even if it’s monthly income, is that the adjusted income or the base income? Meaning, can contributing to a 401k lower the income amount that they look at for eligibility?
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surviving
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Yesterday at 5:14 pm
I can only talk for vouchers. They ask for the wage before taxes. Whatever number is on your W2
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amother
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Yesterday at 5:15 pm
amother OP wrote: | Even if it’s monthly income, is that the adjusted income or the base income? Meaning, can contributing to a 401k lower the income amount that they look at for eligibility? |
No 401k would not lower income
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amother
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Yesterday at 5:25 pm
surviving wrote: | I can only talk for vouchers. They ask for the wage before taxes. Whatever number is on your W2 |
I appreciate the responses, still confused…w2 form does list 401k amt
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amother
Aqua
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Yesterday at 5:26 pm
amother OP wrote: | I appreciate the responses, still confused…w2 form does list 401k amt |
Right. 401k would not lower income amount for eligibility.
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