; 97 Stat. 365) (commonly known as the Per Capita Act ) or the Indian Tribal Judgment Funds Use or Distribution Act ( 25 U.S.C. 1401 et seq.); and (2) any income received by the student (and spouse) and student’s parents under the Alaska Native Claims Settlement Act ( 43 U.S.C. 1601 et seq.) or the Maine Indian Claims Settlement Act of 1980 ( 25 U.S.C. 1721 et seq.). . (l) Definitions Section 480 ( 20 U.S.C. 1087vv ) is amended to read as follows: 480. Definitions In this part: (a) Total income The term total income means the amount equal to adjusted gross income for the second preceding tax year plus untaxed income and benefits for the second preceding tax year minus excludable income for the second preceding tax year. The factors used to determine total income shall be derived from the Federal income tax return, if available, except for the applicant’s ability to indicate a qualified rollover in the second preceding tax year as outlined in section 483. (b) Untaxed income and benefits The term untaxed income and benefits means— (1) deductions and payments to self-employed SEP, SIMPLE, Keogh, and other qualified individual retirement accounts excluded from income for Federal tax purposes, except such term shall not include payments made to tax-deferred pension and retirement plans, paid directly or withheld from earnings, that are not delineated on the Federal tax return; (2) tax-exempt interest income; (3) untaxed portion of individual retirement account distributions; (4) untaxed portion of pensions; and (5) untaxed contributions to health savings accounts. (c) Veteran The term veteran has the meaning given the term in section 101(2) of title 38, United States Code. (d) Independent students and determinations (1) Definition The term independent , when used with respect to a student, means any individual who— (A) is 24 years of age or older by December 31 of the award year