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WHAT IS INCOME?Earned Income is money you receive from wages or earnings from self-employment. Unearned Income is money you receive from other sources, such as SSA, pensions, state disability, unemployment benefits, interest income, and cash from friends and relatives. In-Kind Income is food, clothing, or shelter that is either free or less than the fair value. Click here for more detailed information. Deemed Income is the part of the income of your spouse, parent with whom you live, or sponsor (of an alien), which SSA uses to compute your SSI payment amount. Deeming worksheet WHAT INCOME DOES NOT COUNT FOR SSI? Payments or services that are not counted as income for the SSI program include:
HOW DOES YOUR INCOME AFFECT YOUR SSI PAYMENT?Step 1: SSA subtracts any income that is not counted from your total income. This figure is your "countable income." Step 2: SSA subtracts this "countable income" from the SSI federal benefit rate. The result is your monthly SSI payment as follows: 1) Total Income 2) SSI federal benefit rate WHEN DOES DEEMED INCOME APPLY?
WHEN DOES DEEMED INCOME NOT APPLY?
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