Means Tested Government Benefits and the CARES Act. ** UPDATED
- Fitzgerald & Sadove PLLC
- Mar 31, 2020
- 1 min read
Updated: Apr 6, 2020
UPDATED:
Please note the update that is listed on SSA's official Blog regarding SSI payments and the CARES ACT. SSA has confirmed that they will not consider economic impact payments as income for SSI recipients, and the payments will be excluded from resources for 12 months.
ORIGINAL POST:
Individuals receiving means-tested government benefits such as SSI are understandably concerned regarding the payments that will be provided to individuals and families under the Coronavirus Aid, Relief and Economic Security Act “CARES Act”. While payments will be made directly from the United States Treasury, and not Social Security, individuals currently receiving government benefits may wonder if receipt of those relief payments will be counted against them in this uncertain time when financial assistance is so desperately needed. Specifically, individuals receiving SSI may be concerned that the relief payment provided under the CARES Act will raise their assets over the $2,000 threshold and result in a reduction of other government benefits. Although the Social Security Administration is expected to issue an Emergency Memo in the next few days providing definitive guidance on this issue, in the interim, it is our understanding that SSA will treat the CARES Act relief payments the same way it treats tax refunds. Thus, the payments will not be countable for purposes of income/asset eligibility under 26 U.S.C § 6409. This is good news for individuals currently receiving governmental benefits. Information regarding the CARES Act payments is regularly updated and clarified on SSA.gov. Fitzgerald & Sadove PLLC is monitoring that guidance on a daily basis and is here for you and your family. Stay healthy and safe!
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Mình có lần lướt đọc mấy trao đổi trên mạng شيخ روحاني thì thấy nhắc nên cũng tò mò mở ra xem thử cho biết. Mình không tìm hiểu sâu جلب الحبيب chỉ xem qua trong thời gian ngắn để quan sát bố cục جلب الحبيب cách sắp xếp شيخ روحاني các mục và trình bày nội شيخ روحاني dung tổng thể. Cảm giác là các phần được trình bày khá gọn, các Berlinintim mục rõ ràng nên đọc lướt cũng không bị rối Berlinintim với mình như شيخ روحاني vậy là đủ để nắm tin cơ bản rồi. جلب الحبيب
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I read the article about means-tested government benefits and the CARES Act and thought it did a good job explaining how people on programs like SSI were worried the relief payments might hurt their eligibility, but social security says those payments won’t count as income under the rules right now. product description writing services was something I used once when I was stuck on a long school write-up and needed help making my sentences easier to follow, so I could focus on the ideas. Your post made me think that clear explanations really help people understand big policy in everyday life.