In 2019, to receive SSI an individual cannot earn more than $771 a month, or $9,252 per year. For couples, maximum earning cannot exceed $1,157 a month, or $12,884 per year. These amounts are also the maximum monthly payments from federal funds SSI recipients can earn; so, basically doubling your income.
It's important to note that what constitutes income, however, can be a grey area; the SSA has a lengthy list of which type of earnings, payments, and non-cash assistance are considered "countable income" when it comes to determining SSI eligibility and payment.
Broadly, the SSA considers cash and financial assets that can be turned into cash, such as stocks, bonds or property, as countable income if they exceed $2,000 for an individual and $3,000 for a couple. This does not include your home or land, vehicle, most household items, life insurance valued at under $1,500, or burial plots.
While this list is not comprehensive, here are some additional forms of income the SSA does not count when determining your eligibility for SSI:
With new laws and amendments being passed each day, staying up-to-date with how your disability benefits are affected can be a bit confusing, especially if you have a child under the age of 18 who you are applying for.
If you want to learn more about Supplemental Security Income, contact a professional disability advocate today. We can advise you on your situation and even help you go through the application process.