If you are wondering about the future of Social Security, you are not alone. Many of us can surmise that Social Security may see its shortfalls and challenges eventually, but what is the actual prognosis? The Federal government contends that,…
SOCIAL SECURITY 2021 UPDATE SSI FOR NYS RESIDENTS Individual $881/month Couple $1,295/month MAXIMUM TAXABLE EARNINGS Social Security (OASDI only) $142,800 QUARTER OF COVERAGE Earnings Required $1,470/quarter SOCIAL SECURITY DISABILITY THRESHOLD Substantial Gainful Activity (SGA) Non-Blind $1,310 Blind $2,190…
In my many years of practice, I have found that not every parent is aware of all of the benefits to which their disabled child may be entitled. Social Security has additional benefits available to Disabled Adult Children (DAC) who…
SOCIAL SECURITY 2020 UPDATE SSI FOR NYS RESIDENTS Individual $870/month Couple $1,279/month MAXIMUM TAXABLE EARNINGS Social Security (OASDI only) $137,700 QUARTER OF COVERAGE Earnings Required $1,410/quarter SOCIAL SECURITY DISABILITY THRESHOLD Substantial Gainful Activity (SGA) Non-Blind $1,260 Blind $2,110 Trial…
Kelly is 24 years old. She is on the autism spectrum and is receiving SSI. She is doing her best to be independent, but the monthly stipend is limited and it is difficult to live on her own with minimal…
A trust identification number is a number that identifies a trust, like any other legal entity, for tax purposes. You need a trust identification number in order to put assets into your trust. Your trust identification number will always be…
This article is written by Crysti Farra, Esq., a guest author for the Russo Law Group P.C. blog. Social Security, as a program, began in 1935; however, it took more than 20 years before Social Security Disability Insurance (SSDI) was added…
This update provides new information for 2018 Social Security taxes and benefits. This is the third of a four-part series of updates for 2018. SSI for NYS Residents: Individual Couple $837/month $1,229/month Maximum Earnings Taxable Social Security (OASDI) $128,400/year Quarter…
Social Security and Supplemental Security Income (SSI) benefits are incredibly important for many senior citizens and individuals with special needs. It can be devastating if there is a disruption in these benefits of any kind. In order to avoid disruption…
In 2018, recipients of Social Security will see a 2 percent increase in benefits due to the rise of cost-of-living. This adjustment in cost-of-living is the highest of its kind since 2012. Last year, there was only a .3 percent…