Deductions & credits

Thanks for replying.  My question is more specific than what is covered in the reply though.  Here is another way of asking part of my question...

 

- Insurance company sends me a check for $14k as part of a covered claim for damage to my home.

- I pay 14k to fix the damage, and an additional $500 to make additional repairs not part of the claim.

- How much of these funds would be part of my housing allowance?

     - Would it be the entire $14,500, or just the $500 because I was compensated for the $14k in damages?