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If A Person Makes A Lot Of Money And Collects SSI Have They Done Anything Wrong?

If a person works for six mo. and makes a lot of money and collects SSI. Number one has that person done any thing wrong. If that she goes over the limit will she lose there SSI benefits, What is the limits and if that person is over the limits what will SS take back.

Hi,

If a person who is under full retirement age (FRA) and drawing Social Security earns too much, it can result in a full or partial offset of their benefits. In 2018, people who won't reach their FRA before the end of the year are permitted to earn up to $17,040 without losing any of their benefits. But, for each $2 that they earn in excess of that amount they'd lose $1 of benefits. That could result in the loss of all of their benefits depending on how much they earn.

If the person is receiving Supplemental Security Income (SSI), which is a needs based program administered by Social Security, their SSI payments could be reduced if they earn more than $65 per month (https://www.ssa.gov/ssi/spotlights/spot-reporting-earnings.htm).

If a person lies to Social Security or withholds material information in order to receive benefits for which they are not entitled, they could be charged with fraud.

Best, Jerry

Category: 
Posted: 
Jun 20 2018 - 10:18am
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