Report monthly wages and other income (2024)

FAQs

How to report monthly income to SSI? ›

Report wages each month by app or by phone

Call +1 866-772-0953.

You may call us at 1-800-772-1213. Or you may call, visit, or write your local Social Security office. Social Security also offers a toll-free automated wage reporting telephone system and a mobile wage reporting application. You may also use my Social Security to report wages online.

When you work as an employee, your wages are generally covered by Social Security and Medicare. Your employer gives Social Security a copy of your W-2 form to report your earnings when they give you a copy of the form for filing your income tax return. We use these employer reports to record earnings.

If you have a disability, you'll also need to prove you've earned less than $1,550 from work per month in the month you're applying. Citizens ages 65 or older don't need to have a disability to get SSI.

When we figure out how much to deduct from your benefits, we count only the wages you make from your job or your net earnings if you're self-employed. We include bonuses, commissions, and vacation pay.

Starting with the month you reach full retirement age, there is no limit on how much you can earn and still receive your benefits.

But the benefit amount you receive may be reduced depending on how much money you earn from your job. As of 2024, you may stop receiving SSDI benefits if you earn over $1,550 a month.

When you work for yourself, you can work hours without receiving an hourly wage. In that case, the SSA will look at how many hours you've worked, plus your monthly income. Social Security typically allows up to 45 hours of work per month if you're self-employed and on SSDI. That comes out to around 10 hours per week.

That being said, how frequently does the Social Security Administration check your bank account? While the number of times SSI checks your bank account is not standardized, it may be anywhere from a single year to six years. The SSI can also check when you go through life-altering experiences.

If you're younger than full retirement age, there is a limit to how much you can earn and still receive full Social Security benefits. If you're younger than full retirement age during all of 2024, we must deduct $1 from your benefits for each $2 you earn above $22,320.

How long do I have to report wages to Social Security? ›

We ask that you report within the first 6 days of the month to avoid incorrect SSI payments, but you may report at any time during the month. If you need to report your past wages (received before the prior month), you should contact us.

For those receiving Supplemental Security Income (SSI), the short answer is yes, the Social Security Administration (SSA) can check your bank accounts because you have to give them permission to do so.

Current beneficiaries who exceed the limits are suspended and then terminated from program participation if their savings remain above the limits, and they must repay any benefits paid while they are over the limit. SSI beneficiaries are limited to only $2,000 in assets of any kind.

Receiving SSDI or SSI benefits doesn't prevent you from receiving a tax refund. You can get a tax refund even if you're on SSI and don't pay taxes, if you qualify for certain types of credits like the child tax credit or earned income tax credit.

At full retirement age, you're still eligible for full benefits. If you're at full retirement age but choose to return to work, your benefits won't be affected. The SSA adds that the benefit amount will be recalculated to “leave out the months when [they] reduced or withheld benefits due to your excess earnings.”

You must report changes in your living situation, marital status, and resources to get accurate monthly SSI payments.

SSA receives information from employers and the IRS continuously; therefore the MEF is updated on a weekly basis.

Social security benefits include monthly retirement, survivor and disability benefits. They don't include supplemental security income (SSI) payments, which aren't taxable.

While we must know the source and amount of all of your unearned income for SSI, we do not count all of it to determine your eligibility and benefit amount. We first exclude income as authorized by other Federal laws (see paragraph (b) of this section).