Month: December 2024

SSDI 2024 Review: Quick Facts (Part 2)

*Family Benefits: SSDI recipients may also be eligible for benefits for their spouses and children if they meet certain requirements. These family benefits are meant to provide financial support to dependents who are affected by the primary recipient’s disability. *Reevaluation:

By Posted in Social Security Facts

SSDI 2024 Review: Quick Facts

*Eligibility: SSDI benefits are available to individuals who have worked and paid into Social Security through payroll taxes for a certain number of years, and who are unable to work due to a disability. *Work Incentives: SSDI recipients can take

By Posted in Social Security Facts

SSDI 2024 Review: Earnings for SSI Students (Part 2)

These programs enable students to test their ability to work without immediately losing their benefits. While the specific income limits for SSDI recipients differ, the overall goal is to support students with disabilities as they work toward greater financial independence

By Posted in Social Security Changes in 2024

SSDI 2024 Review: Earnings for SSI Students

SSI beneficiaries who are students under the age of 22 can earn up to $9,230 per year without affecting their SSI benefits. This is part of the Student Earned Income Exclusion (SEIE), which allows young SSI recipients to earn income

By Posted in Social Security Changes in 2024

SSDI 2024 Review: SSI FBR (part 2)

The FBR is adjusted annually to reflect inflation and ensures that SSI recipients have some financial assistance, even if their disability or age prevents them from earning a substantial income. Additionally, SSDI recipients who receive SSI may be eligible for

By Posted in Social Security Changes in 2024

SSDI 2024 Review: SSI FBR

In 2024, the Federal Benefit Rate (FBR) for Supplemental Security Income (SSI) is set at $943 per month for an eligible individual and $1,415 per month for an eligible couple. SSI is a needs-based program designed to provide financial assistance

By Posted in Social Security Changes in 2024

SSDI 2024 Review: Cost-of-Living Adjustment (COLA) (part 2)

This adjustment ensures that beneficiaries, including those receiving SSDI, can keep up with rising costs of living such as food, healthcare, and housing. COLA is crucial for SSDI recipients, as it helps maintain their purchasing power in the face of

By Posted in Social Security Changes in 2024

SSDI 2024 Review: Cost-of-Living Adjustment (COLA)

In 2025, Social Security benefits, including SSDI and Supplemental Security Income (SSI) payments, will increase by 2.5% due to the cost-of-living adjustment (COLA). The COLA is applied annually based on changes in the Consumer Price Index for Urban Wage Earners

By Posted in Social Security Changes in 2024

SSDI 2024 Review: Income Limits

In 2024, Social Security Disability Insurance (SSDI) recipients can earn up to $1,550 per month without affecting their benefits, an increase from $1,470 in 2023. This amount is considered the Substantial Gainful Activity (SGA) limit, which determines if an SSDI

By Posted in Social Security Changes in 2024