SSI has "countable" resource limits. If exceeded, an SSI recipient's benefits may be stopped. Its 2023 resource limits are $2000 for an individual and $3000 for an eligible couple. 2023 SSI Resources Limits should be $5000 for a single individual and $7500 for an eligible couple. However, SSI resource limits have not been adjusted for cost-of-living increases since 1989. Expect them to be $2000 for an individual and $3000 for an eligible couple in 2024.
That doesn't mean you cannot have more than $2000 in resources. There are resources which don't count. They are called "uncounted resources." As examples, your house and lot are not counted against the $2000 resource limit, nor does one automobile which is used by you or a member of your household. Social Security published 24 "uncounted resources" on their website. They are discussed in this video. You may find some surprising. Links below for your use and convenience.
Thank you for watching the Disability Granted Channel, and good luck!
Links _____________________
SSA, Understanding Supplemental Security Income SSI Home Page -- 2022 Edition, [ Ссылка ]
SSA, Understanding Supplemental Security Income SSI Resources -- 2022 Edition, [ Ссылка ]
SSA, What Are Resources, [ Ссылка ]
SSA, Spotlight on Burial Funds, [ Ссылка ]
SSA, Spotlight on Property Essential To Self-Support -- 2022 Edition, [ Ссылка ]
SSA, Deeming Eligibility Chart for Children For 2022, [ Ссылка ]
SSA, What Is an Individual Development Account (IDA), [ Ссылка ]
SSA, Spotlight on Achieving A Better Life Experience (Able) Accounts -- 2022 Edition, [ Ссылка ]
SSA, Spotlight on Plan to Achieve Self Support -- 2022 Edition, [ Ссылка ]
SSA, Can I Get SSI If I have Excess Resources, [ Ссылка ]
SSA, Spotlight on Getting SSI Benefits While You Try to Sell Excess Resources -- 2022 Edition, [ Ссылка ]
SSA, Transfer of Resources, [ Ссылка ]
