Supplemental Security Income

(redirected from Social security income)
Also found in: Acronyms.

Supplemental Security Income

A Social Security program established to help the blind, disabled, and poor.

Supplemental Security Income

Income that one receives from the government if one is blind, disabled, or over 65 and has no other sources of income. In order to qualify for Supplemental Security Income, one must be able to prove one has one of those conditions and have applied for all other government benefits for which one is eligible. Supplemental Security Income is administered by the Social Security Administration, but is paid through the U.S. Treasury instead of the Social Security trust fund.
References in periodicals archive ?
It is important that they understand the full advantages of delaying, and that delaying until age 70 does not necessarily mean they have to wait that long to receive any Social Security income.
The income generated is (or may be) tax-free for income tax purposes, but they can push up the gross taxable income and increase the amount of Social Security income that may have to be added to the client's income taxes (up to 85 percent).
Kennedy School of Government study suggests that more wealthy people over age 55 move into Maine than leave--and that the pattern is the opposite for neighboring New Hampshire, which has no income tax on pension or Social Security income.
The most insidious feature of this compulsion is the fact that the working man and his employer will not be putting Social Security income tax money aside for the old age of the working man but, instead, will be paying for a medical program in respect to strangers, who never contributed one dime.
Many work on quilts in the winter; some make only one or two a year, while others are looking for $100 to $200 a month to supplement Social Security income.
She is a widow and lives on her Social Security income, and, like many older adults, she won't let her kids spoil her as much as they would like to.
Without the adjustment, the whole of Bonnie's social security income and VA benefits would not have covered her medical expenses.
By making that extra $1,000, he would incur a tax liability of $250 plus 25 percent of $850 of his Social Security income, for an additional federal tax liability of $462.
Accumulation annuities offer income tax deferral, creditor protection and a variety of financial planning situations, including protecting Social Security income from taxation.
However, this is what we do to supplement our Social Security income and I make no apologies.
She was given 10 days to pay or have the money docked from her social security income.
The government says it may now scrap a bank holiday and use the extra social security income generated to pay for welfare schemes for old people.

Full browser ?