20 CFR 416.1248
§ 416.1248 Exclusion of gifts to children with life-threatening conditions.
United States · 20 CFR — Employees' Benefits · Status: effective
Cite this
- Citation
- 20 CFR 416.1248, § 416.1248 Exclusion of gifts to children with life-threatening conditions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/79618
- Permanent ID
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Full text
In determining the resources of an individual who has not attained 18 years of age and who has a life-threatening condition, we will exclude any gifts from an organization described in section 501(c)(3) of the Internal Revenue Code of 1986 which is exempt from taxation under section 501(a) of such Code. We will exclude any in-kind gift that is not converted to cash and cash gifts to the extent that the total gifts excluded pursuant to this paragraph do not exceed $2000 in any calendar year. In-kind gifts converted to cash are considered under income counting rules in the month of conversion.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.