Can you own property on SSI

Can you own property on SSI

However, there are ways around this that can allow an ssi recipient to inherit a home and still qualify for benefits.Ssi only benefits people who have at least $2,000 in assets (or $3,000 if they are married).We call this the resource limit.Because people on ssi can't have assets.Individuals seeking supplemental security income (ssi) must meet strict guidelines regarding asset and income limits.Not all the things you own count as resources for ssi.

For couples this figure is $3,000 per month.Unearned income can be deducted up to 20% of what you earn, and you only get to receive the remaining 20% in social security benefits from the beginning.Ssdi also does not have a limit on the amount of unearned income you have, such as money from investments, cash gifts, or inheritance.Suze orman ny times #1 best selling author.But ssi recipients could run into trouble if they try to save up money for a down payment.The value of your resources is one of the factors that determines whether you are eligible for ssi benefits.

A disability recipient can use their social security benefits to buy a house even if they receive them for an indefinite period.There is no limit to what ssi disability recipients can own, but it does not mean that they can own only that one home and land.

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