Second Stimulus Payment Under Cares Act

 COVID-19 PANDEMIC CAUSES CHANGES TO RULES AND LAWS  Comments Off on Second Stimulus Payment Under Cares Act
Jan 202021
 

GIS 21 MA/01, dated 01/19/21, says that for non-MAGI determinations (such as SSI-related people in nursing homes), the second stimulus payment received under the CARES Act is not countable as income. It is an exempt resource for 12 months. After the 12-month period, any part of the payment which remains is a countable resource.

Posted 01/20/2021