is income that d. Definition: Recurring income Recurring Income comes to the income recipient on a regular basis, such as weekly or monthly, and is received in regular amounts. A monthly SS check is the most common example of recurring income. For current-law Pension purposes, recurring type income, such as monthly SS payments, must be counted on the VA award for at least 12 months to be considered recurring income. Treat retroactive payments of recurring type benefits as nonrecurring income. For an example of how to count recurring income, see M21-1, Reference: Part V, Subpart iii, 1.E.6.e is recurring income that has not been counted e. Definition: Short-term recurring income Short-Term on the VA award for at least 12 months. Recurring Income An example of short-term recurring income is regular wages that are counted on the award for six months when the beneficiary is laid off and the income stops. VA treats short-term recurring income as nonrecurring income for Note: income calculation purposes. See and M21-1 V.iii.1.E.6 f. Definition: is an intermediate category of income that has Irregular income Irregular characteristics of both recurring and nonrecurring income. In general, Income irregular income is income that is received several times during an income reporting period, but which comes at irregular intervals or in irregular amounts. Examples of irregular income include earned income from odd jobs, and interest income where the rate of return fluctuates. Normally, irregular income is reported after the fact. For examples of how to count irregular income, see Reference: M21-1, Part V, Subpart iii, 1.E.6
d. Definition: Recurring Income Recurring income is income that comes to the income recipient on a regular basis, such as weekly or monthly, and is received in regular amounts. A monthly SS check is the most common example of recurring income. For current-law Pension purposes, recurring type income, such as monthly SS payments, must be counted on the VA award for at least 12 months to be considered recurring income. Treat retroactive payments of recurring type benefits as nonrecurring income. Reference: For an example of how to count recurring income, see M21-1, Part V, Subpart iii, 1.E.6.e e. Definition: Short-Term Recurring Income Short-term recurring income is recurring income that has not been counted on the VA award for at least 12 months. An example of short-term recurring income is regular wages that are counted on the award for six months when the beneficiary is laid off and the income stops. Note: VA treats short-term recurring income as nonrecurring income for income calculation purposes. See and M21-1 V.iii.1.E.6 f. Definition: Irregular Income Irregular income is an intermediate category of income that has characteristics of both recurring and nonrecurring income. In general, irregular income is income that is received several times during an income reporting period, but which comes at irregular intervals or in irregular amounts. Examples of irregular income include earned income from odd jobs, and interest income where the rate of return fluctuates. Normally, irregular income is reported after the fact. Reference: For examples of how to count irregular income, see M21-1, Part V, Subpart iii, 1.E.6