Q:

What is an income letter template?

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Quick Answer

An income letter template allows users to input salary verification information into a ready-to-use formatted document. Income letter templates include paragraphs for inputting proof of employment and income. They are also used to verify an employee's position within the company.

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Full Answer

Income letter templates often include a header with the company or individual's contact information, including mailing address, phone numbers and email addresses. The date is justified near the top of the letter, as is a formal greeting, such as "To whom it may concern." These templates leave a space for the human resources manager, employer or employee to sign in closing.

Income letter templates may also provide sections for additional details, such as average hours the employee works and the employee's gross salary from the most recent pay period. Income verification letters are often requested in situations such as moving, obtaining a rental property, obtaining or applying for credit or finding new employment. This letter can also work as proof of former employment when applying for a new position.

Potential employers or banking institutions typically request an income verification letter from a current or past employer. However, an employee can also create an income verification letter using a template found on the Rocket Lawyer website and request that her employer sign it.

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