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If the individual reports a substantial change in annual or seasonal self-employment income, the income and expenses must be rebudgeted using the following method for actual income and expenses received.

Actual income from the beginning of the projection period through the month before re-evaluation should be used. The following steps are used to rebudget income in this situation.

Determine the actual income for the months from the beginning of the projection period through the month before re-evaluation.

Project the new income for the rest of the projection period.

Add the income from Step 1 and 2 to determine the annual or seasonal amount.

Divide the total from Step 3 by 12 or the number of months in the seasonal period to get the new monthly average.

Compare the new monthly amount to the previous average. If the change is substantial, budget the new amount over the remainder of the projection period.