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Let's say you go back to work part time earning an average of $700/month. You can earn more than $700/month for any 9 months out of 60. The amount you can earn in those 9 months is unlimited. So, you could receive a $5,000 bonus, and it wouldn't count against your benefits - until you accumulated 9 months over $720 in a 60-month period. The 60-month period is rolling, meaning that every month the prior 61st month drops off. So if you received a large bonus in December 2004, it would no longer be counted in the 9 month total. Example:
But, if you took a part-time job that pays $800/month, your 9 months would be exhausted in the first 9 months you work:
Once you have exhausted those 9 months, you cannot earn over $1000 per month. How your benefits would be affected if you earn over $1,000 depends on whether you are a SSDI recipient or a SSI recipient. SSDI recipient: If you earn $999/month, you keep all your benefits. If you earn $1,001, you loose all your benefits. SSI recipient: If you earn $999/month, you keep all your benefits. If you earn $1,001, only 50% of the amount over $1,000 (50 cents) is deducted from your benefit payment. I have backed into the formula for calculating SSI benefit payments, and it works out to income of $1,433/month before benefits stop. |
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Can you say it another way please? Lord it's confusing. |
Sorry, I didn't see this before I posted. I *think* I understand now.
Thanks for this! Sunrise Quote:
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For the OP: The fact that you're researching this for her shows how much you care, but sometimes the reward of testing your current abilities outweighs the risk (and it is likely small in your friend's case) of a change in her disability status from a review.
Considering her age, diagnosis of injury, and the fact she has been receiving benefits for many years, it likely won't be an issue. There was a period when I was taking 1 class a week at the local Community College while I was in the application process. My attorney tried to vaguely discourage me, but my mental health was more important to me. Did it hurt my 1st application? I think it did. When I received my Fully Favorable decision it included the timeframe I had taken classes. Eventually I adapted to a more solitary existence and the pain incurred from going to class 1 night a week no longer made sense for me. And while I hope your friend reaches her goal, you have to consider if her journey towards it might end up being just as important for her. |
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