Q&A: Incidental Income Increase for IRs

Question:  When doing an IR I know that we have to run the EIV Income Report.  But do we have to change the income amount if the income increase is not more than $200?  ~ Gail in Georgia

Answer:  No, you don’t.  The Handbook (4350.3, 7-11 B) says that, if the IR is done because of a change other than income, and the tenant also has an income increase of less than $200/month, “the owner should not include the increase in income in processing the interim recertification.”  There are a couple of helpful examples shown as well.