§418.1201. When will we determine your income-related monthly adjustment amount based on the modified adjusted gross income information that you provide for a more recent tax year?
20 C.F.R. § 418.1201
We will use a more recent tax year than the years described in § 418.1135(a) or (b) to reduce or eliminate your income-related monthly adjustment amount when all of the following occur:
You experience a major life-changing event as defined in § 418.1205; and
That major life-changing event results in a significant reduction in your modified adjusted gross income for the year which you request we use and the next year, if applicable. For purposes of this section, a significant reduction in your modified adjusted gross income is one that results in the decrease or elimination of your income-related monthly adjustment amount; and
You request that we use a more recent tax year's modified adjusted gross income; and
Notes, amendments, and revision history
Authority
Authority: Secs. 702(a)(5) and 1839(i) of the Social Security Act (42 U.S.C. 902(a)(5) and 1395r(i)).
Source
Source: 71 FR 62931, Oct. 27, 2006, unless otherwise noted.
Source
Source: 70 FR 77675, Dec. 30, 2005, unless otherwise noted.