![]() ![]() Basically this is using the same income amount that you would report to the IRS. ![]() In this test the SSA will calculate your net income-gross income minus your business expenses. SSA regulations state that “if your work activity, in terms of factors such as hours, skills, energy output, efficiency, duties, and responsibilities, is comparable to that of unimpaired individuals in your community who are in the same or similar businesses as their means of livelihood” then your work will be considered Substantial Gainful Activity regardless of how much money you earn.Ĭountable Income Test. If the SSA determines that you are not providing significant services or making substantial income, they will perform the next two tests.Ĭomparability Test. If you are the sole owner or worker in your business and you earn more than $1,220 per month (2019 SGA limit), you are considered to be engaged in Substantial Gainful Activity and you will not be eligible for benefits. In order for SSA to count it as self employment: The similarity between the names of the programs causes great confusion between the programs, but they all apply to different situations, have completely different rules, and you can't collect anymore than one of them at a time. retirement, which is paid from a separate fund. You cannot be on both SSI and SSDI at the same time, and if you receive SSDI, when you turn 62 you automatically get moved into S.S. SSDI does not have any assets limits because it is an insurance policy paid by workers wages. ![]() They count fair market value(garage sale value) of everything you own including furniture, clothes, etc. In my state the limit to assets is $2000, and that includes all financial accounts, and all personal property beyond 1 car and the home they live in. When someone applies for SSDI, they will temporarily be eligible for SSI payments while they wait for a disability determination if the state finds that they do not have too many assets to qualify. SSDI is a government run disability insurance policy that covers all American workers, just like the disability insurance offered at larger employers. The tax funds both the Social Security Disability Insurance program as well as Social Security Retirement program. SSI is funded by the 15% social security taxes every worker is mandated to pay from their paychecks. SSDI is Social Security Disability Insurance, a federally run insurance policy to provide disability insurance to all workers. SSI is a welfare type program applied for wherever you apply for food stamps and other poverty level help social programs. SSI is not disability, it's Supplemental Security Income, a state run and federally funded program for low income people of many types. Your correct, it does make a huge difference which program your talking about. ![]()
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