0
Inheriting a house can impact your Supplemental Security Income (SSI) benefits, as the value of the home may be considered an asset. If the inherited property is your primary residence, it typically does not count against the asset limit for SSI. However, if you inherit additional property or if the house is not your primary residence, its value may affect your eligibility for SSI. It's important to consult with a financial advisor or a legal expert to understand the specific implications for your situation.
What else can I help you with?
If my family buys a house will it affect my daughters ssi. she is diabled but not an adult. the money is used for medical supplies that medicaid does not provide?
Purchase of a house for your family to live in (versus income property) should not have any effect on your daughter's SSI eligibility.
I have been on ssi for ten years how will it affect my ssi if you get married?
if i get married will my son loose his ssi he is 8 yrs old
Can you own a house on SSI?
Yes.
Can your house be taken by the state or federal government upon your death if you are drawing SSI?
Generally no. The home you live in is not considered a "resource" when considering SSI eligibility. See http://www.ssa.gov/ssi/text-resources-ussi.htm. But there are other significant eligibility requirements, and if your falsify your information or hide resources that affect eligibility (either on initial application or while receiving SSI), eventually your house could be jeopardized if the government comes after you to repay the ill-gotten monies. SSI fraud by the way is a felony...
Can a person on SSI buy a house?
Yes, a person on Supplemental Security Income (SSI) can buy a house. However, the purchase must be carefully considered, as owning a home can affect their eligibility for SSI benefits. If the home is the person's primary residence and meets certain rules regarding asset limits, it may not count against their SSI eligibility. It's advisable for individuals to consult with a financial advisor or a benefits counselor to understand the implications fully.
May i receive ssi and unemployment in New York state?
Ireceive a small social security and ssi amount. If i will receive unemployment benefits will if affect my ssi?
Does owning a home affect social security disability payments?
No. Social Security Disability payments are not based on assets, but on income. Owning a house may affect SSI (Supplemental Security Income) payments, especially if the house is particularly large, valuable, or the individual owns more than one house.
Can A Bank Take your House If Start Collecting Ssi?
Yes.
How can quarterly affect your ssi appeal and what proof are they looking for to deny you?
newdiv
Can a person who receives SSI be a cosigner for a car loan Will it affect the person SSI income?
Yes, a person receiving Supplemental Security Income (SSI) can be a cosigner for a car loan. However, being a cosigner does not directly affect their SSI income, as SSI is based on individual income and resources. It's important to note that if the primary borrower defaults on the loan, the cosigner may be responsible for repayment, which could impact their financial situation. Additionally, if the loan affects their overall resources or income, it could potentially influence their SSI eligibility.
Does paying taxes on alimony affect SSI?
Yes, paying taxes on alimony can affect Supplemental Security Income (SSI) eligibility. Alimony is considered income, and any income that exceeds the SSI resource limits can reduce the amount of benefits received. Since SSI is a needs-based program, any increase in income, including taxable alimony, could lead to a decrease in SSI benefits or even disqualification. It's essential to report alimony payments accurately to ensure compliance with SSI regulations.
Can you add a disable childon ssi to your soc Security and keep his medicaid?
Generally, SSA checks for RSDI eligibility before granting SSI, and vice versa. RSDI (unlike SSI) is countable income and might affect your disabled child's eligibility for Medicaid.
