Page 144 - Other Income for Individuals

Welfare and Other Public Assistance Benefits

Home If you benefit from Pay-for-Performance Success
Affordable 06 Payments under HAMP, the payments aren’t taxable..
Modification

Program
(HAMP). Payments made under section 235 of the National

Housing Act for mortgage assistance aren’t included
Mortgage
assistance in the homeowner's income. Interest paid for the
payments under 07 homeowner under the mortgage assistance program
section 235 of the
National Housing can’t be deducted.
Act.
Medicare benefits received under title XVIII of the Social Security Act
aren’t includible in the gross income of the individuals for whom they’re
08 paid. This includes basic (Part A (Hospital Insurance Benefits for the
Medicare. Aged)) and supplementary (Part B (Supplementary Medical Insurance
Benefits for the Aged)).

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