Supplemental Archives - DR News - News, Retirement, Finance

Access Expanded for Supplemental Security Income Recipients with New Rules and Definitions by Social Security Administration

Atlanta, Georgia – The Social Security Administration recently announced significant changes to the Supplemental Security Income (SSI) benefit program. The adjustments aim to broaden the qualification criteria for SSI, increase payment amounts for some recipients, and alleviate reporting burdens for individuals in public assistance households. Starting September 30, 2024, the new rule will expand the definition of a “public assistance household” to include those receiving Supplemental Nutrition Assistance Program (SNAP) payments. Additionally, it will apply …

Supplemental Security Income: Maximum Monthly Benefits Increase for 2024 Retirees and Disabled Individuals

Los Angeles, California – The Social Security Administration offers various benefits to retirees, survivors, and individuals with disabilities. Among these benefits are Social Security Disability Insurance and Supplemental Security Income, providing financial assistance to those in need. The Supplemental Security Income program extends monthly payments to seniors, people with disabilities, and even children. This year, a 3.2% cost-of-living adjustment has increased the maximum monthly benefit to $943 for individuals and $1,415 for married couples who …

Supplemental Security Income: Eligible Americans Could Receive up to $943 Extra Each Month

Miami, Florida – Many Americans may be unaware of a valuable benefit available to eligible Social Security beneficiaries in the United States. This benefit can provide individuals with up to $943 per month, offering a significant boost to household finances. Despite this opportunity, a large number of eligible individuals do not take advantage of this extra payment, often due to a lack of knowledge about its existence. It is crucial for potential beneficiaries to familiarize …

Side Hustles for Long Island Seniors: Stories of Supplemental Income and Fulfillment

Huntington, New York – Many seniors in Long Island are finding themselves working well past their retirement age to make ends meet due to the high cost of living in the area. According to a recent Bankrate survey, nearly 25% of seniors between the ages of 59 to 77 are taking on additional work to supplement their regular income. The necessity to work in their senior years has become a reality for many older residents …

Supplemental Security Income (SSI) Payment Schedule for Remaining Months in 2024: Know When to Expect Your Benefits

Los Angeles, California – As the new month begins, the Social Security Administration in the United States delivers various benefits to retirees, including the Supplemental Security Income (SSI). This additional payment is not exclusive to retirees but often accompanies their retirement checks. Typically, Supplemental Security Income (SSI) benefits are distributed on the 1st of each month, with occasional exceptions. While some months may see double payments of this benefit, April is not one of them. …

Tax Credits Available for Supplemental Security Income Beneficiaries in 2024

Tax season in 2024 is winding down, but for Supplemental Security Income (SSI) beneficiaries, filing taxes this year could prove beneficial. Despite SSI benefits not being taxable, there are other incentives worth exploring by filing taxes, such as eligibility for additional tax credits and potential refunds. For SSI recipients, filing taxes, though not mandatory, could lead to receiving more money through tax credits like the child tax credit and earned income tax credit. These credits …

Benefits Boost: Social Security Administration Announces Changes to Supplemental Security Income

New York, NY – The Social Security Administration has recently announced significant changes to the Supplemental Security Income (SSI) program that will impact the benefits received by individuals with disabilities and seniors. The modifications are aimed at increasing support for those in need. Under the SSI program, individuals aged 65 and above, as well as adults and children with disabilities or blindness who have limited income and resources, receive monthly payments. The changes announced by …

Social Security Administration Removes Food from Supplemental Security Income Calculations, Simplifying Eligibility Process

Washington D.C., U.S. – The Social Security Administration recently announced a significant change in the calculations used to determine eligibility for Supplemental Security Income (SSI) payments. As of September 30, food will no longer be included in these calculations, marking a shift in policy aimed at easing access to benefits for older adults and disabled individuals. Under the previous rule, in-kind support and maintenance items, such as informal food assistance from friends, family, and community …

Supplemental Security Income: Steps to Receive Your Payment This Week for US Citizens

Miami, Florida – Thousands of citizens in the United States are anticipating the arrival of their Supplemental Security Income checks this week, with the possibility of receiving up to $941 in benefits. This crucial financial assistance provides much-needed support to those who qualify, offering a lifeline to individuals facing financial hardship. While the maximum Supplemental Security Income payment is $941, the actual amount received may vary depending on individual circumstances. Despite this variability, all recipients …

Social Security Made Easy: Tips to Help Apply for Supplemental Income and More for Someone You Love

Montgomery, Alabama – Social Security impacts people of all ages, and this Valentine’s Day serves as a reminder of the various ways in which it can help individuals. Whether it’s applying for benefits such as Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI), or checking the status of a pending application, there are ways in which loved ones can assist one another in navigating the Social Security system. Applying for SSI and SSDI …