WebDec 28, 2024 · First, you can pay for current expenses, such as: pay rent or pay down your mortgage put down a security deposit on a rental repair or retrofit your house or … WebSupplemental Security Income (SSI) is a needs-based program. To get SSI, your countable resources must not be worth more than $2,000 for an individual or $3,000 for a couple. We call this the resource limit. Countable resources are the things you own that count toward the resource limit. Many things you own do not count.
How Is a Child’s SSI Payment Supposed to Be Spent?
WebI began receiving Supplemental Security Income (SSI) BEFORE January 1, 2024 and… I filed a 2024 or 2024 tax return and I do not have a qualifying child (p. 5) I filed a 2024 or 2024 tax return and I do have a qualifying child (p. 5) I did not file 2024 or 2024 tax return and I do not have a qualifying child (p. 6) I did not file WebSep 16, 2024 · To add to Mr. Burrell's answer, if the inheritance is not terribly large, you also can spend it down. However, be aware that the spend-down must occur *in the same calendar month* as when you receive the money, not within 30 days of receiving it. That means that if a month has 30 days, and you get the money on the 29th day of the month, … flushable bathroom cleaning wipes
SSI Spotlight on Resources - Social Security Administration
WebFor clients on Medicaid/SSI with small settlements and immediate needs, a Spend Down in the first calendar month is often the ideal solution. See the first comment to learn "What is a Spend Down ... WebApr 23, 2024 · The term “spend down” describes the process of literally spending the excess money received by a benefits recipient down to the maximum allowable resource limits. … WebAug 18, 2024 · To apply for a PASS, fill out form SSA-545-BK and send it to your local Social Security office. The SSA can refer you to a vocational counselor or PASS specialist in your region for help writing your plan. Call the SSA at 800-772-1213 or consult its PASS brochure to learn more. Individual Development Accounts (IDAs) flushable body wipes for women