How much can you make when on social security disability? This is a common question among individuals who are considering applying for Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI). Understanding the income limits and how they affect your benefits is crucial for making informed decisions about your financial future.
Social Security Disability Insurance (SSDI) is a federal program designed to provide financial support to individuals who are unable to work due to a medical condition that is expected to last at least one year or result in death. The amount of money you can make while receiving SSDI benefits is subject to strict income limits.
Understanding SSDI Income Limits
The primary income limit for SSDI beneficiaries is known as the Substantial Gainful Activity (SGA) limit. As of 2021, the SGA limit is set at $1,310 per month. If you earn more than this amount, you may be considered able to work and could potentially lose your SSDI benefits.
However, there are some exceptions to the SGA limit. For example, if you are blind, the SGA limit is higher, set at $2,190 per month. Additionally, if you are working and earning less than the SGA limit, you may still be eligible for SSDI benefits, as long as your work does not exceed the SGA limit.
Supplemental Security Income (SSI) Income Limits
Supplemental Security Income (SSI) is a needs-based program that provides financial assistance to individuals with limited income and resources. Unlike SSDI, SSI does not have an SGA limit. However, there are income and asset limits that determine eligibility for SSI benefits.
The income limit for SSI is set at a maximum of $845 per month for an individual and $1,261 per month for a couple. This includes all income, such as wages, unemployment benefits, and other forms of financial support. If your income exceeds these limits, you may not be eligible for SSI benefits.
Work Incentives and SSDI/SSI Benefits
It’s important to note that SSDI and SSI offer various work incentives to encourage individuals to explore work opportunities without risking their benefits. For example, the Trial Work Period allows you to earn up to $910 per month for nine months without affecting your SSDI benefits. Additionally, the Extended Period of Eligibility allows you to retain your SSDI benefits for 36 months after your earnings exceed the SGA limit.
Conclusion
Understanding how much you can make when on social security disability is essential for making informed decisions about your financial future. By familiarizing yourself with the income limits and work incentives, you can navigate the SSDI and SSI programs more effectively and secure the financial support you need. Always consult with a Social Security representative or a financial advisor to ensure you are making the best choices for your unique situation.
