Can SSI take your federal refund?

If you no longer receive SSI, we may withhold your overpayment from a Federal Income Tax refund and/or from any future Social Security benefits you may receive. If you become eligible for SSI in the future, we will withhold your overpayment from future SSI payments.

How much money can you have in the bank if you are on SSI?

To be eligible for SSI benefits, therefore, you cannot have more than $2,000 in assets as a single person or more than $3,000 if you are part of a couple. For purposes of SSI, any money in a checking or savings account counts toward this asset limit.

What counts as income for Social Security?

Only earned income, your wages, or net income from self-employment is covered by Social Security. If money was withheld from your wages for “Social Security” or “FICA,” your wages are covered by Social Security.

Does SSI count unearned income?

While we must know the source and amount of all of your unearned income for SSI, we do not count all of it to determine your eligibility and benefit amount. We first exclude income as authorized by other Federal laws (see paragraph (b) of this section).

Are SSI benefits considered income?

The Social Security administration has outlined what does and doesn’t count as earned income for tax purposes. While the answer is NO, disability benefits are not considered earned income, it’s important to know the difference between earned and unearned income and know where your benefits fit in during tax season.

Can a tax refund affect your SSI eligibility?

SSI Resource Limit and Tax Refunds. If you haven’t spent the tax refund within 12 months, and you have over the amount of allowable resources, you could lose your benefits. Similarly, payments from the earned income tax credit and child tax credit are exempt for nine months from the date of receipt.

Can a tax refund be used for Medicaid?

Pursuant to the new law, tax refunds are not considered countable income for SSI or Medicaid purposes. Furthermore, any money received through a tax refund will not be a countable resource for 12 months following receipt of the funds, and SSI and Medicaid recipients will be…

How does the Tax Act affect SSI and Medicaid?

But several little-noticed provisions fundamentally alter how the Supplemental Security Income (SSI) and Medicaid programs treat tax refunds and other tax credits, making it easier for elders and people with special needs to maintain their benefits.

Is there a limit on how much refund you can get on SSI?

SSI Resource Limit and Tax Refunds Under SSI rules, your resources are determined as of the first moment of the first day of each month. You cannot have “countable resources” worth more than $2,000 (for couples, the limit is $3,000) in any month.

When do you get a tax refund for SSI?

Similarly, payments from the earned income tax credit and child tax credit are exempt for nine months from the date of receipt. SSI Income Limit and Tax Refunds

How does your income affect your SSI benefit?

HOW DOES YOUR INCOME AFFECT YOUR SSI BENEFIT? 1 Step 1: We subtract any income that we do not count from your total gross income. The remaining amount is your “… 2 Step 2: We subtract your “countable income” from the SSI Federal benefit rate. The result is your monthly SSI Federal… More

Where to find Social Security and Medicare tax refunds?

Attach a copy of your Form W-2 for the tax year in question to substantiate how much was withheld from your pay. Boxes 4 and 6 on the W-2 show how much Social Security and Medicare taxes were withheld. Include a copy of the page from your passport that displays your visa stamp, as well as INS Form I-94.

Who is eligible for a SSI lump sum payment?

SSI is a needs-based supplemental income program for eligible individuals who are disabled, blind, or age 65 and older who have limited income and few resources. 23 It is a supplemental income program because it is intended to provide additional income to the income and resources an individual already receives.