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What is looked at to meet income requirements?

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  • What is looked at to meet income requirements?

    Is the current income looked at to meet the poverty guidelines or is line 22 of 1040 looked at to meet income requiremtns? My 1040 shows a total income of $19,000 for a household size of 3 which is below but my year to day on my pay stubs shows $55,000. So my pay stubs show that I am currently making $100,000. But 2014 my taxes show a total income of $19,000. Am I ok if I send in my pay stubs?

  • #2
    Send an employment verification, a few recent pay stubs and a few recent bank statements in addition to your 2014 Federal income tax return, W2 and 1099 copies.

    Your current income will be based on your pay stubs and employment verification letter.

    --Ray B

    Originally posted by nhs2012 View Post
    Is the current income looked at to meet the poverty guidelines or is line 22 of 1040 looked at to meet income requiremtns? My 1040 shows a total income of $19,000 for a household size of 3 which is below but my year to day on my pay stubs shows $55,000. So my pay stubs show that I am currently making $100,000. But 2014 my taxes show a total income of $19,000. Am I ok if I send in my pay stubs?

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    • #3
      I only sent in my pay stubs, they show ytd on them. Will that be ok? Also, I'm making commission as a salesman. Will that be a problem?

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      • #4
        You must also provide a copy of your 2014 Federal income tax return, W2 and/or 1099 forms, and proof of employment. Proof of employment can be met with a few pay stubs, but if on commission a copy of your agreement or contract would be helpful.

        --Ray B

        Originally posted by nhs2012 View Post
        I only sent in my pay stubs, they show ytd on them. Will that be ok? Also, I'm making commission as a salesman. Will that be a problem?

        Comment

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