Current through September 30, 2024
Section 416.1210 - Exclusions from resources; generalIn determining the resources of an individual (and spouse, if any), the following items shall be excluded:
(a) The home (including the land appertaining thereto) to the extent its value does not exceed the amount set forth in § 416.1212 ;(b) Household goods and personal effects as defined in § 416.1216 ;(c) An automobile, if used for transportation, as provided in § 416.1218 ;(d) Property of a trade or business which is essential to the means of self-support as provided in § 416.1222 ;(e) Nonbusiness property which is essential to the means of self-support as provided in § 416.1224 ;(f) Resources of a blind or disabled individual which are necessary to fulfill an approved plan for achieving self-support as provided in § 416.1226 ;(g) Stock in regional or village corporations held by natives of Alaska during the twenty-year period in which the stock is inalienable pursuant to the Alaska Native Claims Settlement Act (see § 416.1228 );(h) Life insurance owned by an individual (and spouse, if any) to the extent provided in § 416.1230 ;(i) Restricted allotted Indian lands as provided in § 416.1234 ;(j) Payments or benefits provided under a Federal statute other than title XVI of the Social Security Act where exclusion is required by such statute;(k) Disaster relief assistance as provided in § 416.1237 ;(l) Burial spaces and certain funds up to $1,500 for burial expenses as provided in § 416.1231 ;(m) Title XVI or title II retroactive payments as provided in § 416.1233 ;(n) Housing assistance as provided in § 416.1238 ;(o) Refunds of Federal income taxes and advances made by an employer relating to an earned income tax credit, as provided in § 416.1235 ;(p) Payments received as compensation for expenses incurred or losses suffered as a result of a crime as provided in § 416.1229 ;(q) Relocation assistance from a State or local government as provided in § 416.1239 ;(r) Dedicated financial institution accounts as provided in § 416.1247 ;(s) Gifts to children under age 18 with life-threatening conditions as provided in § 416.1248 ;(t) Restitution of title II, title VIII or title XVI benefits because of misuse by certain representative payees as provided in § 416.1249 ;(u) Any portion of a grant, scholarship, fellowship, or gift used or set aside for paying tuition, fees, or other necessary educational expenses as provided in § 416.1250 ;(v) Payment of a refundable child tax credit, as provided in § 416.1235 ; and(w) Any annuity paid by a State to a person (or his or her spouse) based on the State's determination that the person is: (1) A veteran (as defined in 38 U.S.C. 101 ); and(2) Blind, disabled, or aged.40 FR 48915, Oct. 20, 1975, as amended at 41 FR 13338, Mar. 30, 1976; 44 FR 15664, Mar. 15, 1979; 48 FR 57127, Dec. 28, 1983; 51 FR 34464, Sept. 29, 1986; 55 FR 28378, July 11, 1990; 58 FR 63890, Dec. 3, 1993; 59 FR 8538, Feb. 23, 1994; 61 FR 1712, Jan. 23, 1996; 61 FR 67207, Dec. 20, 1996; 70 FR 6345, Feb. 7, 2005; 70 FR 41138, July 18, 2005; 71 FR 45378, Aug. 9, 2006; 75 FR 1273, Jan. 11, 2010; 75 FR 54287, Sept. 7, 2010