Receiving Income While Disabled
What You Should Know About Receiving Income While Disabled
Social security disability benefits are available to individuals who have been deemed disabled by the Social Security Administration, and can no longer fulfill work obligations consistent with meaningful employment. While many are able to maintain their lifestyle and comfort level with the various benefits awarded for the disabled by social security, some are able to take advantage of alternative methods of receiving income, such as becoming self-employed, receiving capital gains or even receiving gifts. This is perfectly acceptable as long as income does not exceed base levels.
When income surpasses $25,000 or $32,000 for married couples filing jointly, taxes may be imposed on social security disability benefits. Any receipt of value can be counted toward this base amount, and should be heavily considered when many any financial decisions. A Reno Social Security disability attorney with DAA can provide valuable insight and advice into your situation, as well as lay out a potential strategy for how to approach the matter of your income in the future, or as your business grows.
Social Security Disability Assistance in Reno
Disability Action Advocates has worked for 20 years to provide residents throughout Reno with the tools necessary to realize their social security-related goals. Our office focuses on results through action. We will actively research the specifics of your situation against existing requirements for receiving social security disability benefits, and can take the action needed to achieve favorable results throughout the process. We can handle your case from start to finish, which can be a huge long-term advantage for those clients who allowed us to start with them. We don't get paid until your case is won, so you can have confidence that we will do everything in our power to bring you the best possible conclusion to your case.