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Can a person purchase a vehicle receiving social security?
IF the lender approves, YES.
Yes, you can receive both a teacher's pension and Social Security benefits without the two affecting each other. Although administered by individual states, SSA operates un…der federal statutes and regulations. Your state of residence is irrelevant under benefit guidelines. Only earned income is counted toward the $14,160 annual cap in place between the ages of 62 and the year you reach full retirement age (typically 66, at present). The earning cap increases to $37,680 in January of the year you turn 66, and is lifted completely the month of your birthday. Afterward, there is no earned-income limit. Pension checks, 401k payouts, annuities, capital gains, and other investments are not counted toward the income limit at any time.
The only way for an individual to determine if another person receives Social Security benefits is to obtain a court order. Be aware that a judge would only issue an order if …there's a compelling and legal reason for you to have such private information, like collecting back alimony or child support payments. If you are owed alimony or child support from someone you suspect is collecting Social Security benefits, you need to consult with an attorney.
Once you reach retirement age, your Social Security Disability benefits convert to regular retirement benefits, payable at the same rate. You cannot collect an additional amou…nt due to disability. It is possible that you could qualify for the SSI supplemental security income, which is based on disability and income, in addition to your month Social Security benefit, but this is a different program and is not administered by the SSA. The amount of SSI paid is adjusted monthly based on what the person was able to earn in that month.
No. A person who lives for more than 30 days in a tax-supported facility, like jail, prison or a nursing home, cannot receive Social Security benefits. If the person is later …released, he or she can begin receiving payments again, but will not be paid back benefits for the time spent incarcerated.
Typically, 62, but earlier if one is "totally and permanently" disabled. And a minor dependent child of a retired/disabled wage earner can receive Social Security.
Of course. Social Security is not means tested.
Medicare - yes. Medicaid - if the person has limited assets/income and meets other eligibility factors including citizenship.
is there a limit as to how much money a person on social securitycan accumulate
disability ,then social security
Why does the IRS require an employee who receives a vehicle allowance for business use of personal vehicle to purchase a vehicle worth 16k new?
I don't believe the IRS has any say in the type or cost of any personal vehicle regardless of its use. The vehicle allowance is determined by the business based on their crite…ria.
ALL MONEY that you receive must be declared to the Social Security Dept. If it is a new asset or some income from any source whatever, or even a winning in a lottery it must… be declared to Social Security ASAP. Obviously if you won $200,000 from Tattersalls, your fortnightly Social Security benefits would be reduced. Of course if you put it in the bank or bought shares with it, then Social Security would easily find out about it. So you cannot cheat on them, nor should you even think about it. Don't know how it is in other places around the world such as the answer above, but in the US, one can earn money while on social security. It depends on whether the individual has reached "full retirement age" as to whether and how much the earnings will be taxed. Check with your accountant.