We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
When a household gets a one-time payment such as an inheritance or a settlement award you must follow special HUD rules for such payments when certifying and recertifying household income. In general, you must treat these payments, known as “lump-sum payments” or “lump-sum receipts,” as part of a household’s assets. But you must count certain types of lump-sum payments as income. And in certain situations, you don’t include lump-sum payments in your calculations at all. We’ve put together five dos and don’ts about lump-sum payments.
