Can Someone on Supplemental Security Income Inherit a House?
Supplemental Security Income recipients can lose their asset status if they inherit a second home that’s not their primary residence. If a recipient only has one residence, then they can continue to receive benefits if that residence is indeed their primary one.
How Children Qualify for Supplemental Security Income
The SSI process is noted for being difficult and stringent, especially when it comes to qualifying children with disabilities. It’s important to note the entire process and income thresholds when starting the application process.
What Military Service Members Need to Know About Social Security
Military service members abide by many of the same rules as civilians when it comes to Social Security bar a few key differences. Certain military members may be entitled to extra earnings credits on their record while others may not. It’s important to consult a qualified Social Security claims attorney to ensure you’re getting all that’s owed to you.
Depression and Qualifying for Social Security Disability Insurance
Mental disorders, including depression, do qualify for Social Security Disability Income in certain circumstances. Even if you’re initially denied, you can enlist the help of a qualified Social Security claims attorney to appeal your decision and potentially get approval.
How to Lower Your Social Security Taxes
Lowering your Social Security taxes can be as simple as putting money into a tax-deferred account where income doesn’t have to be drawn right away. There are options where that becomes more complicated depending on where you’re at on the Social Security income threshold.
An Overview Of Social Security Taxes
Social Security benefits are taxed in specific situations. The income thresholds are fairly uniform, except in the case of Supplemental Security Income (SSI), which is non-taxable since it is a need-based program.
How Social Security Disability Income Works If You Leave the Country
Generally speaking, US citizens eligible for Social Security Disability Income (SSDI) benefits can continue to receive those benefits while living outside the country. If the beneficiary is not a US citizen, there are a number of other guidelines that must be met.
What Can Supplemental Security Income (SSI) Money Be Used For?
Although SSI funds technically have no limit to what they can be used for, there is a meticulous records process involved. This matters especially for Representative Payees, who have to manage and allocate funds on behalf of a named beneficiary.
Can You Receive Both SSDI and Private Disability Insurance?
It is possible to receive both federal and private disability benefits at the same time. However, it’s important to understand the income requirements and other stipulations of each one to know what your realistic monthly benefit might look like.
Things to Know About SSI Benefits for 2021
The main thing to note for 2021 Social Security benefits changes is the 1.3% COLA adjustment to reflect the increase in the cost of living nationally. Retired workers can expect to receive $20 more per month while disabled workers can expect a $16 per month increase.
