Sunday, November 17

What are the income and work limits for disability insurance in 2024?

Arlenys Tabare's avatar

By Arlenys Tabare

06 Aug 2024, 16:40 PM EDT

Social Security Disability Insurance (SSDI) benefits are an extension of the Social Security Administration (SSA) for guarantee monthly income to Americans who are disabled have had to stop working.

It is for this reason that Americans applying for this benefit must meet certain requirements In order to qualify, these requirements include income limits and work credits.

Not all people with a work disability are eligible for this benefit, this disability must first comply with SSA regulations, that is, not be overcome in a short time and have medical support.

Those who meet this parameter can qualify for this benefit that has a monthly payment of $1,537 to $3,822 dollars per month depending on the applicant’s condition, in addition to financial assistance each month for their spouses and minor dependents.

Therefore, SSDI sets a substantial income limit for its beneficiaries with visual impairments of $1,550 or $2,590. Now, Incomes over $34,000 can have up to 85% of their benefits subject to taxwhile profits under $25,000 would be subject to taxes of up to 50% if you file a tax return as an individual.

SSDI Payments in August

Finally, Social Security Disability Benefits payments for August are due on the following dates:

  • Wednesday, August 14: Recipients of Social Security Disability Insurance (SSDI) who applied after 1997 and were born between the 1st and 10th of any month.
  • Wednesday, August 21: Recipients of Social Security Disability Insurance (SSDI) who applied after 1997 and were born between the 11th and 20th of any month.
  • Wednesday, August 28: Recipients of Social Security Disability Insurance (SSDI) who applied after 1997 and were born between the 21st and 31st of any month.

Keep reading:

  • Why is your SSI payment being reviewed by Social Security?
  • Social Security: SSDI payments to be sent the first week of August
  • Social Security: what day will the $1,918 dollars of August be paid?