What kinds of income are counted against Supplemental Security Income (SSI)?

Supplemental Security Income (SSI) in South Dakota is a federally funded program that provides financial assistance for people with limited income and resources who are either disabled, blind, or aged 65 and older, and who meet other eligibility requirements. SSI also provides a monthly income to individuals and couples who have little or no other form of income. When determining eligibility for SSI, the Social Security Administration (SSA) counts income from a variety of sources, including wages, earnings from self-employment, pensions, Public Assistance benefits, Social Security benefits, veterans’ benefits, and miscellaneous sources such as tax refunds, grants, and inheritances. Additionally, any support or money a person receives from another person will be considered income. Income from resources such as trusts, annuities, real estate, and life insurance policies may also count as income. However, income from some sources, such as child support, gifts, and lottery or other gambling winnings, are not counted. In addition to income, the SSA also considers a person’s resources when determining eligibility for SSI. Resources include cash or items easily converted to cash, stocks, and bonds. If an individual or couple’s resources exceed the amount for which they are eligible, then they will not be able to receive SSI. In order to qualify for SSI, individuals and couples must meet not only the income and resource requirements, but also other eligibility requirements as established by the SSA. Individuals should contact a qualified social security lawyer or the SSA for more information about the eligibility requirements for SSI in South Dakota.

What kinds of income are counted against Supplemental Security Income (SSI)?

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