Asset Development:Student Earned Income

Exclusion

Asset Development &Vocational Rehabilitation

30-Second Training Series

TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

High School and College students under the age of 22 can exclude how much of their earnings before it impacts their Social Security Supplemental Income (SSI)?

TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

High School and College students under the age of 22 can exclude how much of their earnings before it impacts their Social Security Supplemental Income (SSI)?

$700 annually

$1,000 annually

$6,690 annually

Select the best answer

A

B

C

TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

Incorrect…

High School and College students under the age of 22 can exclude more than $700 annually of their earned income before impacting their SSI cash benefits.

TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

Incorrect…

High School and College students under the age of 22 can exclude more than $1,000 annually of their earned income before impacting their SSI cash benefits.

TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

You are on the money!CORRECT!

If you are under age 22 and regularly attending school, the maximum yearly exclusion is $6,960. Amounts are for the year 2013; these figures are usually adjusted each year based on the cost-of-living.

To learn more, visit TACE's Asset Development Exchange

[tacesoutheast.org/network/ax/]and

The Social Security Administration websitehttp://www.ssa.gov/oact/cola/studentEIE.html

TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

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TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

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TACE Center: Region IV, a project of the Burton Blatt Institute.Funded by RSA Grant # H264A080021. © 2013

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Disclaimer

This presentation was developed by the TACE Center: Region IV ©2013

with funds from the U.S. Department of Education, Rehabilitation Services

Administration (RSA) under the priority of Technical Assistance and Continuing Education

Projects (TACE) – Grant #H264A080021. However, the contents of this presentation do

not necessarily represent the policy of the RSA and you should not assume endorsement by the

Federal Government [34 CFR 75.620 (b)].