Automatic Increases
SSI Annual Report
SSI payment standard
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Income definition
Income is anything you receive during a calendar
month and use to meet your needs for food, clothing, or shelter. It may be
in cash or in kind. In-kind income is not cash; it is food, clothing,
shelter, or something you can use to get food, clothing, or shelter.
Countable Income definition
Countable income is the amount left over after:
- Eliminating from consideration all items that are not income; and
- Applying all appropriate exclusions to
the items that are income.
Countable income is determined on a calendar month basis. It is the
amount actually subtracted from the maximum Federal
benefit to determine your eligibility and to compute your monthly
payment amount.
Student earned income exclusion
Of the several income exclusions
that may apply, only one — the student
earned income exclusion — has maximum amounts which increase
with the cost of living as measured by the COLA.
This exclusion applies to a blind or disabled child who is a student
regularly attending school, college, or university, or a course of
vocational or technical training.
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