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Yes, people collecting SSI can have an IDA account. An individual development account is a building tool that helps low-income families save toward a bigger goal.

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12y ago

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Related Questions

Is a non-custodial parent obligated to pay child support if the child is collecting SSI?

Yes, though it may affect the amount of SSI the child is receiving as it comes from that parent's SS account.


Can people collecting SSI have an Ida account?

You do not need to have an IDA account to collect SSI. Also, note that some resources are not counted for SSI:For SSI, we do not count:+ small blue ballthe home you live in and the land it is on;+ small blue ballhousehold goods and personal effects (e.g., your wedding and engagement rings);+ small blue ballburial spaces for you or your immediate family;+ small blue ballburial funds for you and your spouse, each valued at $1,500 or less (See the SSI Spotlight on Burial Funds);+ small blue balllife insurance policies with a combined face value of $1,500 or less;+ small blue ballone vehicle, regardless of value, if it is used for transportation for you or a member of your household;+ small blue ballretroactive SSI or Social Security benefits for up to nine months after you receive them (including payments received in installments);+ small blue ballgrants, scholarships, fellowships, or gifts set aside to pay educational expenses for 9 months after receipt.


Can A Bank Take your House If Start Collecting Ssi?

Yes.


If your ex-wife is collecting SSI does your kids collect too?

No. SSI does not provide the provision of a child benefit check. This is only applicable to SSDI.


Will you get sued if you lose your ssi working?

Not enough information is given with which to answer. If you are collecting SSI under fraudulent circumstances you WILL be prosecuted and/or forced to pay back the fraudulent payments.


How do i access my child's ssi account?

I suggest you talk to SSA about this.


Do people on SSI get a Stimulus check 2020?

YES is the correct answer. Anyone and everyone who makes less than $77,000.00 annually gets one. With the exception of the illegal undocumented. If you are in the U.S. on a Work Visa, you get a check for $1200.00. The Federal Government really is making sure everyone is assisted. This also includes the homeless who can obtain their funds via a web portal using local facilities. That already established recipients of Social Security retirement, disabled or SSI, that are currently enrolled with the direct deposit option, will receive their stimulus funds first. PS: Even if you make over $77,000 annually you will receive a check. The amount over 77 is calculated by a simple formula. ALSO for each dependant you have, you will receive an additional $500 per dependeant.


What is the motto of SSI Micro?

SSI Micro's motto is 'People, Ideas, Technology'.


Will people on ssi get their checks in November 2013?

When in Arkansas are the ssi people getting a fourth stimulus check in November


Is my child eligible for SSI?

People collect SSI when they are disabled. If a child is disabled, you can apply to see if they are eligible to receive SSI. The Social Security Office will have applications.


Can a person with ssi in the state of California qualify for food stamp?

No, people in California who receive SSI cannot get SNAP, which is the new name for food stamps. This is because California already adds money to the SSI payment. Many times, people can get SNAP while they are waiting for their SSI to be approved, and can continue to get SNAP if their SSI is not approved.


A creditor wants to levy my account but i receive ssi payments in my account. can they levy my account?

Only the State and Federal governments are able to levy your bank account directly. Creditors are generally not entitled to money you have in your bank account (either directly or indirectly) but can get a Judgment against you in which case some kind of garnishment could possibly be established. The fact that the money is SSI may not matter in the end.