N.M. Admin. Code § 8.200.520.18

Current through Register Vol. 35, No. 23, December 10, 2024

Section 8.200.520.18 - SSI RELATED CATEGORIES - DEEMING INCOME WHEN AN APPLICANT CHILD IS LIVING WITH INELIGIBLE PARENT

A. Monthly computation:

(1) total gross unearned income of parent;

(2) deduct living allowance for ineligible child and SSI-eligible sponsored alien (one half of the monthly SSI FBR LA code A*) for each ineligible child/SSI-eligible sponsored alien);

(3) subtotal;

(4) deduct $20.00 general income exclusion - 20.00;

(5) unearned income subtotal;

(6) total gross earned income of parent;

(7) deduct any remaining allocation for ineligible child and/or SSI-eligible sponsored alien; see Paragraph (2) above;

(8) subtotal;

(9) deduct any remaining portion of the $20.00 general income exclusion only if not already totally deducted in Paragraph (4) above;

(10) subtotal;

(11) deduct $65.00; do not apply this deduction if the only income is unearned - 65.00;

(12) subtotal;

(13) subtract one-half of Paragraph (12); do not apply this deduction if the only income is unearned;

(14) earned income subtotal;

(15) total of Paragraph (5) plus Paragraph (14);

(16) deduct parental allocation (1 parent = SSI FBR for an individual LA code A*) (2 parents = SSI FBR for an eligible couple LA code A*);

(17) income deemed to applicant child; if there is more than one applicant child, divide this amount equally between the children: * LA Code A = the full SSI FBR for an individual or a couple.

B. If the deemed income plus the applicant child's separate income exceeds the income standard for an individual, the applicant child is not eligible for that month.

N.M. Admin. Code § 8.200.520.18

8.200.520.18 NMAC - Rp, 8.200.520.18 NMAC, 1-1-14; Adopted by New Mexico Register, Volume XXVI, Issue 16, August 28, 2015, eff. 8/28/2015