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Rev. Proc. 2024-38

SECTION 4. APPLICATION

Internal Revenue Bulletin 2024-43 · 2026-10-03 edition · updated 2026-10-04 · United States

.01 For purposes of initial and continuing income determinations under § 142(d)(2) and (3), respectively, all VA service-connected disability benefits are excluded from income, consistent with the HUD–VASH income eligibility waiver, for In-scope Tenants.

.02 For purposes of initial and continuing income determinations with respect to whether any project is a qualified low-income housing project (as defined in § 42(g)), and whether any unit is a low-income unit (as defined in § 42(i)(3)), all VA service-connected disability benefits are excluded from income, consistent with the HUD–VASH income eligibility waiver, for In-scope Tenants.

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