Ssa 2574-2025

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The document is a form from the Social Security Administration (SSA) regarding Supplemental Security Income (SSI) that collects information about joint checking or savings accounts. It requires the applicant/recipient to disclose details about the ownership and management of funds in a joint account, including how much money belongs to them and how it is used. The form emphasizes the legal presumption that all money in the account belongs to the applicant unless proven otherwise, and includes a statement of responsibility for providing accurate information.

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2012	4.8 Satisfied (142 Votes)

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How much money am I allowed to have in my bank account on SSI?

If you are a single person on SSI. Your countable assets, combined including your bank account cannot go over $2000 at the end of any month. If it does, you become ineligible for SSI. You may also become ineligible for Medicaid, and in-home supportive services.

How much money can you keep in the bank if youre on SSI?

WHAT IS THE RESOURCE LIMIT? The limit for countable resources is $2,000 for an individual and $3,000 for a couple.

Does SSI monitor your bank account?

Rebuttal is a procedure as described in paragraph (c)(4) of this section, which permits an individual to furnish evidence and establish that some or all of the funds in a jointly-held account do not belong to him or her. Successful rebuttal establishes that the individual does not own some or all of the funds.

What is the $1000 rule for SSI?

To be eligible for SSI, you must also have little or no income and few resources. The value of the things you own must be less than $2,000 if youre single or less than $3,000 for married couples living together.

Can SSI see all your bank accounts?

SSI beneficiaries may have no more than $2,000 in assets for individuals and $3,000 for couples, with certain exceptions. Because beneficiaries typically have no other source of income, more than half receive the basic monthly SSI benefit, which in 2024 is $943 for an individual and $1,415 for a couple.