In-kind income is defined as any income other than money or cash. It can be in any form either in the form of benefits received by an employer or the government. Usually this term is used for the benefits received from the government for...
benefits law
in-kind support and maintenance (ISM)
In-kind support and maintenance (ISM) is an unearned income which is attributable to an SSI recipient in the form of shelter or food. It may be provided by a family member within the same household or by anyone outside of the household. This...
incapacity
Incapacity is a term used across different areas of the legal landscape that reflects one’s inability to perform various functions.
Common uses include:
A lack of physical or mental/cognitive ability that results in a...incentive stock option (ISO)
Incentive stock options (ISO) refer to a set of stock options used by corporations to compensate major employees in a way that generates limited tax obligations for the employee. If structured and used correctly, an ISO can be taxed as...
Keogh plan
Keogh plans (also called qualified retirement plans, H.R. 10 plans, or self-employed retirement plans) are a type of ERISA retirement plan for self-employed individuals and employees of some private businesses. The plans allow tax-deferment...
labor union
A labor union (also known simply as a union or a labor organization) is a group of employees in a certain trade, industry, or corporation that organize to improve their salary, benefits, and working conditions.
Labor unions...
Medicaid
Medicaid is a medical assistance program jointly financed by state and federal governments for low income individuals and is embodied in 42 U.S.C. §1396 et seq. It was first enacted in 1965 as an amendment to the Social Security Act of 1935....
Medicare
Medicare was enacted in 1965 as one of President Lyndon B. Johnson's Great Society programs. The current version of Medicare can be found at 42 U.S.C. § 1395 et seq. The Medicare system was originally administered by the Social Security...
noncountable resource
Medicaid rules permit some resources to be excluded that would otherwise be counted for purposes of determining Medicaid eligibility . A resource is money as well as something that you own and can turn into cash and is defined in 42 USC §§ § 1382b and...
OBRA
A Congressional act that contains disparate statutory provisions which were enacted to align reconciliation bills with instructions in a budget resolution. Congress passed Omnibus Budget Reconciliation Acts in 1981, 1982, 1983,...