Iowa Code 239B.7 – Income and resource exemptions, deductions, and disregards
If an individual’s earned income is considered by the department, the individual shall be allowed a work expense deduction equal to twenty percent of the earned income. The work expense deduction is intended to include all work-related expenses other than child care. These expenses shall include but are not limited to all of the following: taxes, transportation, meals, uniforms, and other work-related expenses.
Terms Used In Iowa Code 239B.7
- Applicant: means a person who files an application for participation in the family investment program under this chapter. See Iowa Code 239B.1
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Assistance: means a family investment program payment. See Iowa Code 239B.1
- Department: means the department of health and human services. See Iowa Code 249L.2
- Department: means the department of health and human services. See Iowa Code 239B.1
- Family: means a family unit that includes at least one child and at least one parent or other specified relative of the child. See Iowa Code 239B.1
- Family investment program: means the family investment program under this chapter. See Iowa Code 239B.1
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
- month: means a calendar month, and the word "year" and the abbreviation "A. See Iowa Code 4.1
- Participant: means a person who is receiving full or partial family investment program assistance. See Iowa Code 239B.1
If an individual’s earned income is considered by the department, the individual shall be allowed a work-and-earn incentive. The incentive shall be equal to fifty-eight percent of the amount of earned income remaining after all other deductions are applied. The department shall disregard the incentive amount when considering the earned income available to the individual. The incentive shall not have a time limit. The work-and-earn incentive shall not be withdrawn as a penalty for failure to comply with family investment program requirements.
If an individual has timely reported an absence of income to the department, consideration of the individual’s income shall cease beginning in the first month the income is absent.
Interest income shall be disregarded.
The department shall disregard as income any moneys an individual deposits in an individual development account established pursuant to chapter 541A.
The department shall disregard the value of one motor vehicle. The countable equity value of any additional motor vehicle shall apply to the resource limitation established in subsection 7.
The department shall disregard any earnings and the balance of an individual development account established pursuant to chapter 541A in considering an individual’s resources.