Dec 27, 2024 · Social Security applies the $3,000 resource limit to married couples even if only one is SSI-eligible. Life events that can affect your SSI status, including a change in marital status or your spouse’s income, must be reported to the SSA no later than 10 days after the end of the month in which the change took place.

Oct 10, 2018 · Supplemental Security Income, or SSI, is a federal benefit program administered by the Social Security Administration that provides safety-net financial support for people in need. You may qualify for monthly SSI payments if: you are 65 or older, blind or have a disability; you are a U.S. citizen or lawful resident;

Aug 18, 2021 · Income is a key factor in determining eligibility for Supplemental Security Income (SSI), a monthly benefit for people in financial straits who are 65 and older, blind or have a disability. The Social Security Administration (SSA), which operates the program, strictly regulates the type and amount of income someone can receive and still qualify ...

Oct 1, 2024 · The maximum federal SSI payment in 2024 is $943 a month for an individual and $1,415 for a married couple who both qualify. Benefits can be reduced based on income from other sources such as work, investments or cash help from family and friends. The average actual SSI payment in August 2024 was about $699, according to Social Security data.

Nov 5, 2021 · Supplemental Security Income (SSI) is a safety-net government benefit for people who are older, blind or have a disability and are in financial need. The Social Security Administration (SSA), which administers the program, sets strict limits on how much money SSI beneficiaries can earn and on the level of financial assets, such as savings or ...

Oct 10, 2018 · Your spouse’s income only affects you if they have taken Social Security early and you are collecting spousal benefits on their work record. In this case, your spouse’s earnings could trigger withholding from both their retirement payment and your spousal benefits.

The SSA announced in August 2021 that EIPs, popularly known as stimulus checks, would not be counted as income in determining eligibility or calculating benefit amounts for SSI. It has also said the stimulus payments would not count against limits on financial assets such as savings accounts for SSI recipients.

Jul 2, 2021 · That means you can be denied SSI if your work income exceeds the SGA threshold when you file for benefits, but that limit does not apply once you are getting SSI. However, you will be subject to separate, SSI-specific limits on income. People who get SSI on the basis of blindness are exempt from income limits, and the substantial gainful ...

Oct 10, 2018 · Rather than count that income and reduce your benefits accordingly, Social Security applies a “monthly earnings test”: Once you claim your benefits, you’ll get your full payment for any month that Social Security considers you to be “retired” (doing limited or no paid work), regardless of your total earnings for the year.

Oct 17, 2023 · If this “countable income” exceeds the 2025 federal payment standard of $967 for a single person and $1,450 for a couple, they will get no SSI benefit that month. The annual change in income limits has an additional impact on some younger people receiving SSI on the basis of disability or blindness.