You should report all gross (pre-tax) income earned in the entire calendar years for which your contract is active. Income should be reported based on the month it was earned. This is identified using the paystub check date/disbursement date.
(Example: Pay period is from November 15th - November 30th. The check date is December 1st. Income will be reported for December)
This includes any income earned prior to the official completion date of your program as well as any income that may be deferred under your contract. This is important to ensure that your reported income matches income verified through Leif's reconciliation processes.
Some additional key points:
- Reporting income earned prior to your completion date will not result in payments being scheduled against this income. Income reported prior to your official completion date is automatically excluded from payment scheduling, reconciliation balances, and adjustments.
- If you receive a confirmed deferment from Leif, income earned from this source or period will automatically be excluded from payment scheduling, reconciliation balances, and adjustments.
Still have questions? You can email us at support@leif.org.