The financial requirements for SSI are a little complex. Basically, to qualify for SSI you must pass through very low income and asset limits set up by the Social Security Administration.
SSA Income Limits
Social Security’s income limits basically state that the more income you have, the less SSI benefits are available. If your income is too high, then you cannot receive any SSI benefits. Currently the maximum amount of SSI benefits that you receive is $710 per month. When calculating your financial eligibility, not all forms of income is counted. This, of course, begs the question: what is considered “countable” income?
Does Child Support Count As Income?
When determining what income is “countable” for SSI purposes, things start to get very complicated, very quickly. Not all sources of income are actually treated as income. When determining the benefit amount for a child, the social security administration excludes one-third of child support payments from countable income. The other two-thirds of the payment will not be counted towards countable income. Read more about what income is not counted or is excluded for purposes of calculating SSI benefits.
Get Help Qualifying With SSI Lawyer
Qualifying for SSI can be a very complicated subject for many people. Having an attorney review your financial situation can be very helpful in determining your eligibility for SSI benefits.