On March 27, 2024, the Social Security Administration published a final rule in the Federal Register which changes its calculation of In-Kind Support and Maintenance (ISM). Under the prior rule, if food and/or shelter is provided to a recipient of Supplemental Security Income (SSI), the income is deemed to the recipient, reducing his or her SSI payment. In 2024, the SSI rate is $943 per month, so if someone provides food and/or shelter, the ISM calculation can reduce the individual’s SSI payment by 1/3 plus $20. Beginning September 30, 2024, food will no longer be included in the calculation.
The rule summary is as follows:
We are updating our Supplemental Security Income (SSI) regulations to remove food from the calculations of In-Kind Support and Maintenance (ISM). We are also adding conforming language to our definition of income. These changes simplify our rules by making them less cumbersome to administer and easier for the public to understand and follow, and they improve the equitable treatment of food assistance within the SSI program. This final rule also includes other minor revisions to our regulations related to income, including clarifying our longstanding position that income may be received “constructively.”
DATES: This final rule will be effective September 30, 2024
Before a guardian or the personal representative of an estate takes office, he or she…
In Georgia, when actions are filed in Probate Court, some people must be notified before…
What is Form 1041 used for? If an estate or trust has gross income of…
IRS Form 56 is used to notify the IRS of the creation or termination of…
On November 15, 2024, the Centers for Medicare and Medicaid Services posted the 2025 spousal…
The word disability doesn't have the same meaning in all contexts. If you have a…