My child has determined to be disabled. How much SSI can he get?
The state you live in is immaterial since SSI is a federal program and it is the same nationally. Can't answer you. Depends upon whether or not you are married and if you have any other children. If you are single and there are no other children, income of about $2900 would make him ineligible. His benefit will be very low but he will be eligible for Medicaid if he isn't already. As for his benefit amount - you will just have to wait and see when they process the claim. You will have to provide proof of your income on a monthly basis. Doglover is confusing $2000 in income with the $2000 resource rule. Income isn't a resource in the month it is received; it only becomes a resource the following month. Most people with earnings of $2000 a month use that income to meet household expenses and probably don't have money left over to become a resource the following month. The answer Doglover has given regarding $2000 in income is incorrect and I would refer Doglover to the SSA website to do some reading up on the subject to educate him/herself as to SSA's definition of a resource. Doglover should also look around for the "Chart of Monthly Deeming Break-Even Points for a Federal SSI Payment" and he/she will find that one parent with one child would have to earn about $2900 a month in order for that child not be be eligible for SSI. The chart shows amounts effective January, 2009 and can be easily updated by multiplying each amount by 3.5% for the current rates.
Will SSI from my disabled child's claim affect my Taxes?
thanks for all the replies. additional info: i disclosed all income when we filed. my boyfriend doesnt work he takes care of the kids. when we filed i disclosed all income, rent, bills, and everything it asked. i have since recieved a raise at work and i mail in my check stubs to SS every month as they required me to do. the raise didnt change the amount. how can i determine if the 674 a month he gets is enough to keep me from claiming him as a dependant? also the the poster with tourettes he also has ADHD and OCD. i dont know what kind of tourettes you experience but his is mostly facial ticks and grunts along with stuttering. his speech therapist is the one who pointed out the ticks as we never noticed. he has had a lot of issues at school when he reads aloud where kids make fun of him and he gets frustrated.
Is child support considered income? Why or why not?
Child support is considered income in some circumstances. It is considered income by the IRS for the person who worked for it and is subsequently taxed for it as income. And it is non-deductible. The receiving parent or guardian is not taxed because they didn't earn it, regardless of the fact that it still ends up in their pocket. So for the receiving parent it is not counted as income by the IRS. However if you are trying to get an apartment or loan, it can be counted as income there for the parent receiving it. When it comes to benefits, the parent receiving it doesn't have to claim it as income so that they can qualify easier. The parent earning the child support must claim it as income, thus negating any hopes of government assistance. Basically, if you're the receiving parent, you can claim it or not. What ever makes life easier. If you are the paying parent, you are legally required to claim it or not based on whichever option makes life harder. Hope this answer is sufficient to answer your question and display my displeasure with this whole cockamamie system.SignedA father who pays child support while circling bankruptcy and watching the mothers live it up while the kids gets nothing.
I asked a question about child support?
some people misunderstood of what state i live in. I live in Texas, and in this state it is not required by state law to have D.N.A test prior to recieving child support.My question was are you for or aginst this law? And why? I myself am not in the child support system in any way...I am just asking our fellow texans what they think of this law being passed....
Do recurring deposits come under section 80C of tax deduction?
No, investment in recurring deposit does not qualify for deduction under section 80C. The Reason is, RD is actually TDS free, no TDS (Tax Deduction at Source) will be charged on recurring deposit. On FD, Banks deduct TDS but not on Recurring Deposits. There will be no TDS charges will be applied but still there are misconception. And this misconception is RD will not be still tax free.Thus, if you want to claim a tax rebate of Rs 1.5 lakh under section 80C, you can invest in any of the following investment schemes.Fixed Deposit: Fixed Deposit is one of the safest and most reliable investment scheme available in the market. The investments are mainly done in a lump sum and can be done for a maximum period of 5 years. Besides, there is Tax saver FD wherein the money is invested for a lock-in period of 5 years and the maximum amount that can be invested is Rs 1.5 lakh. That said, if the interest earned in any of the 5 years exceeds the mark of Rs 10, 000; the income would be subject to TDS deduction. (Before you get confused, TDS and tax deductions under section 80C are two different things).Post-office Investment Schemes: You can invest in any investment scheme offered by the Indian post-office. The following will allow you to claim tax deductions up to a maximum of Rs 1.5 lakh per year.ELSS: You can also invest up to Rs 1.5 lakh in ELSS schemes and claim deductions up to that amount in a given financial year.Some other deposits are also available, through which you may claim deductions under section 80C. These are Senior Citizens Savings Scheme (SCSS), Public Provident Fund, Life Insurance Premiums, Tax Saving Fixed Deposits, National Savings Certificate (NSC), Home Loan Principal, Sukanya Samriddhi Yojana and other more.