Basics
What does SSI stand for?
What is Supplemental Security Income
If an expense qualifies as an IRWE and BWE, it is better to use which?
BWE
The age limit for SEIE
22 years old
What does PASS stand for?
Plan to Acheive Self Support
The amount of money needed to start an account
$25
This agency administers SSI
What is Social Security Administration
The person who pays for IRWE's and BWE's
The person served/beneficiary
Monthly amount deducted for SEIE in 2021
$1,930
Age limit for PASS
65 years old - Retirement age
Age before which disability must have started to open account
26 years old
What amount is the General Income Disregard
First $20 from any source
Which one do you get reimbursed for 1/2 of this expense?
IRWE
Maximum annual amount allowed to be deducted
$7,770
This benefit pays for a PASS participants living expenses
SSI
Annual amount from any source that may be contributed to a STABLE account
$15,000
Deadline for reporting wages to SS
6th of the month
Taxes deducted from paycheck would count as this type of deduction?
BWE
When the SEIE deduction is made on the worksheet
Before any other deductions are made
This agency decides whether a PASS plan goal is feasible
SSA - Social Security Administration
The amount in a STABLE account Social Security deisregards?
$100,000