Is the person getting ahead by working?
In general, yes. Using our previous example, if Social Security deducts $100 from the SSI check, the individual will be left with 495.25 in SSI. However, the person will also have $285 in gross pay. After taxes, she/he should have about $230 in net pay. If you add the reduced SSI and the net pay, the person’s income has increased to about $725.00. That is approximately a 25% increase in total monthly income. The person may also be eligible for an Earned Income Tax Credit at tax time. Some individuals may get more money back in a refund then they paid in taxes. For more information: http://www.irs.gov/individuals/article/0,,id=96466,00.html 6- Q: While there is some financial incentive for people to work, are there any other Work Incentives that would make employment more attractive to the beneficiary that I’m working with? A: There are quite a few Work Incentives that can support beneficiaries when they return to work. Two of the primary ones are PLANS FOR ACHIEVING SELF -SUPPORT and I
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