What is unearned income? Per the Social Security Administration (SSA) and the rules pertaining to Supplemental Security Income (SSI), any amount of money received (not earned) by a beneficiary who receives SSI benefits is referred to as unearned income. If a beneficiary receives any money will reduce a beneficiary’s Supplemental Security Income (SSI) benefits on a dollar-for-dollar basis.
Common Types of Unearned Income
It is very important for a beneficiary who receives Supplemental Security Income (SSI) to understand that any of the above types of unearned income received will have a negative impact on his/her benefits. The risk is not to be taken lightly.
Urbatsch, K., & Fuller, M. (2016). Administering the California special needs trust: A guide for trustees and those who advise them (2nd ed.). Bloomington, IN: IUniverse.
William E. Lindahl, MBA, CLPF
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San Marcos, CA 92069