Morgana
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- Mar 18, 2021
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I wonder if anyone knows the answer to this or even knows how, specifically, I could look it up.
So I have Social Security and I still work part time. The income from the paycheck work fluctuates wildly.
I happened to stumble onto a slim chance at a really cool housing possibility. But to qualify I would have to meet HUD income limits. My 2022 income was just a nano-hair over the cap. My 2023 income will be well below it. In 2024 who knows. I'm freelance, and clients are hard to manage, as any freelancer knows -- it's not like I have some dream boss who I can tell "just give me x hours this month."
So my question is ... if I get to December 2024 and realize I'm $499 over the income cap and I donate $500 to a registered charity, will that safely put me back below the cap, or do they calculate all that some other way?
It's cool enough and cheap enough that it would be worth doing something like that if it was straightforward, but not if it was a squishy grey area.
No reason anyone here /should/ know, but if someone does, please do share!
Thanks.
So I have Social Security and I still work part time. The income from the paycheck work fluctuates wildly.
I happened to stumble onto a slim chance at a really cool housing possibility. But to qualify I would have to meet HUD income limits. My 2022 income was just a nano-hair over the cap. My 2023 income will be well below it. In 2024 who knows. I'm freelance, and clients are hard to manage, as any freelancer knows -- it's not like I have some dream boss who I can tell "just give me x hours this month."
So my question is ... if I get to December 2024 and realize I'm $499 over the income cap and I donate $500 to a registered charity, will that safely put me back below the cap, or do they calculate all that some other way?
It's cool enough and cheap enough that it would be worth doing something like that if it was straightforward, but not if it was a squishy grey area.
No reason anyone here /should/ know, but if someone does, please do share!
Thanks.