Haw. Code R. § 15-193-64 - Determining net unearned income
The net unearned income for a tenant family shall be determined by the following process:
1. If applicable, from the gross annual
unearned income of each adult household member, deduct Medicare premiums that
are actually deducted from social security benefits; and
2. If a household member is a full-time
student seeking a post-secondary education, deduct an education credit, which
is provided for a tenant family and not individual family members. The
education credit is calculated as:
A. The
actual amount received from scholarship(s) to attain a post-secondary education
degree; or
B. One thousand dollars
($1,000) per year; whichever is less.
Notes
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