How Much Can You Make While on Social Security Disability?
Navigating the financial aspects of living on Social Security Disability can be a challenging task. Many individuals who rely on these benefits often wonder how much they can earn while still receiving their monthly payments. Understanding the rules and limitations set by the Social Security Administration (SSA) is crucial for maintaining eligibility and ensuring financial stability.
The SSA has specific guidelines regarding earnings while on Social Security Disability. According to their regulations, individuals receiving Social Security Disability Insurance (SSDI) or Supplemental Security Income (SSI) can earn a certain amount without affecting their benefits. However, the exact amount varies depending on the type of benefit and the individual’s work status.
For SSDI recipients, the SSA allows for what is known as an “excess earnings limit.” In 2023, the limit is $1,310 per month for individuals who are blind and $1,310 per month for individuals who are not blind. If an SSDI recipient earns more than this limit, their benefits may be reduced or suspended. However, there is a “trial work period” during which SSDI recipients can earn a higher income without any penalties. During this trial work period, which lasts for nine months, individuals can earn up to $9,210 per month.
On the other hand, SSI recipients have a different set of rules. SSI benefits are needs-based, and the SSA considers an individual’s income and resources when determining eligibility. For SSI recipients, the amount they can earn is limited to $1,820 per month for an individual and $2,640 per month for a couple. If an SSI recipient earns more than this limit, their benefits may be reduced or terminated.
It’s important to note that the SSA also considers the type of work an individual is doing. If the work is considered “substantial gainful activity” (SGA), it may affect the individual’s benefits. SGA is defined as earning more than a certain amount, which varies depending on the year. In 2023, the SGA limit is $1,350 per month for individuals who are not blind and $2,260 per month for individuals who are blind.
To maintain eligibility for Social Security Disability benefits while earning income, it is advisable to consult with a financial advisor or a representative from the SSA. They can provide personalized guidance based on an individual’s specific circumstances and help navigate the complex rules and regulations.
In conclusion, understanding how much you can make while on Social Security Disability is essential for financial planning and maintaining eligibility. By familiarizing yourself with the SSA’s guidelines and seeking professional advice when needed, you can ensure that you are maximizing your benefits while still earning an income.
