N.M. Admin. Code § 8.248.500.19

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

Section 8.248.500.19 - TOTAL COUNTABLE INCOME

Countable income is the sum of unearned income or earned income for the individual or spouse less disregards or exclusions. Only one earned income exclusion ($65 plus one half of the remainder) is applied and one $20 disregard is applied if using income from both spouses.

8.248.500.19 NMAC - N, 2-1-06, Adopted by New Mexico Register, Volume XXXV, Issue 12, June 25, 2024, eff. 7/1/2024