do tips count as income toward buying a home?
they are on my pay stub and I can supply 4 months of stubs with 100% of tips claimed
Answers (2)
We agree with Kevin.
Tips are considered income and are required by the IRS to be declared as annual income. So whatever you have reported (2008) as income could be considered.
Good luck
FIRST ANSWER
If that money is included in your W-2, then more than likely. It also may depend on the lending institution. Before the housing bubble deflated, there were no income check products out there that would certainly have helped you if your credit was very good. If the money is not included on your W-2, good luck.
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Answered Sat Aug 16 2008, 12:10 by Paula Kamperman in Troy
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