Ask Larry

Does The Stimulus Check Count For The SSI Resource Limit?

Does the stimulus check amount count for SSI resource limit in the bank account? After receiving the stimulus check I'm over the resource limit in my bank account. Is this a problem or not? Thanks a lot for your attention.

Hi,

Social Security has announced that stimulus payments will be excluded from counting as a resource for purposes of the Supplemental Security Income (SSI) program for 12 months (https://www.ssa.gov/coronavirus/).

Best, Jerry

Posted: 
May 27 2020 - 5:57pm
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