Income limits

Income limits refer to the maximum earnings a person or household can have to qualify for certain programs or benefits. These limits are set by organizations or government agencies to ensure assistance goes to those with lower or moderate incomes who need support. For example, a housing program might have an income limit to help families earning below a specific amount afford decent housing. Income limits vary depending on the program and household size, and they are adjusted periodically to reflect economic changes. Essentially, they help determine eligibility based on financial income levels.