Can You Earn Money While on Social Security Disability?
Receiving Social Security Disability (SSD) benefits is a lifeline for many individuals who are unable to work due to a disabling condition. However, many SSD recipients often wonder if they can still earn money while receiving these benefits. The answer to this question depends on several factors, including the type of SSD benefits you receive, your income level, and the specific rules set by the Social Security Administration (SSA).
Firstly, it’s important to understand that SSD benefits are designed to provide financial support to individuals who are unable to work due to a disabling condition that is expected to last at least one year or result in death. The SSA allows for limited income, known as Substantial Gainful Activity (SGA), before it affects your SSD benefits. For the year 2023, the SGA limit for non-blind individuals is $1,350 per month, and $2,260 per month for blind individuals.
One way to earn money while on SSD benefits is through a trial work period. The SSA allows you to earn income for up to nine months within a 60-month period without affecting your SSD benefits. During this trial work period, you can work full-time, part-time, or engage in self-employment. It’s important to report all income during this period to the SSA to ensure you remain eligible for benefits.
Another option is to work within the SSA’s earnings limits. If your income falls below the SGA limits, your SSD benefits will not be affected. However, if your income exceeds the SGA limits, your benefits may be suspended or reduced. It’s crucial to keep track of your income and report any changes to the SSA promptly.
Additionally, some SSD recipients may be eligible for other types of financial assistance, such as vocational rehabilitation services or Supplemental Security Income (SSI). These programs can help individuals with disabilities find employment opportunities and potentially earn money without risking their SSD benefits.
It’s important to note that the rules and regulations regarding earning money while on SSD benefits can be complex. Consulting with a Social Security attorney or benefits counselor can provide you with personalized guidance and help you navigate the process effectively.
In conclusion, while it is possible to earn money while on Social Security Disability benefits, it’s crucial to understand the rules and regulations set by the SSA. By staying informed and seeking professional advice when needed, SSD recipients can balance their financial needs with the benefits they receive.
