"Income" defined.

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"Income" means adjusted gross income, as defined in the Internal Revenue Code. The term includes, without limitation:

1. Tax-free interest;

2. The untaxed portion of a pension, individual retirement account or annuity;

3. Railroad retirement benefits;

4. Veterans’ pensions and compensation;

5. Payments received pursuant to the federal Social Security Act, including supplemental security income, but excluding hospital and medical insurance benefits for persons who are aged or disabled;

6. Public welfare payments, including allowances for shelter;

7. Unemployment insurance benefits;

8. Payments for lost time;

9. Payments received from disability insurance;

10. Disability payments received pursuant to workers’ compensation insurance;

11. Alimony;

12. Support payments;

13. Allowances received by dependents of servicemen or servicewomen;

14. The amount of recognized capital gains and losses excluded from adjusted gross income;

15. Life insurance proceeds in excess of $5,000;

16. Bequests and inheritances; and

17. Gifts of cash of more than $300 not between household members and such other kinds of cash received by a household as the Department specifies by regulation.

(Added to NRS by 1999, 2760; A 2001, 2661; 2011, 2467)


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