Monday, June 23, 2008

What to do with those assets???

HUD's FSS Program


"Why work when my asset limit is only $2000?"

SSA does have certain "asset exclusions". One of the most powerful ones I've seen is HUD's FSS program.

I fully intend to do a more in-depth write-up in a future post - but for now I wanted to throw up the link for your reference.

Check out the link above.

Any questions may be directed to: rsi5@srt.com

Thursday, June 19, 2008

HEART

Yesterday President Bush signed into law H.R. 6081, the Heroes Earnings Assistance and Relief Tax Act of 2008 ("the HEART Act"), making AmeriCorps more accessible to people with disabilities.

The HEART Act contains a provision we have been seeking that excludes AmeriCorps benefits from being counted as income for purposes of eligibility for Supplemental Security Income (SSI). This extends the long-time AmeriCorps VISTA income disregard for SSI to all AmeriCorps positions. An SSI recipient who enrolls in AmeriCorps will no longer risk the loss of SSI benefits or eligibility as a result of participating in AmeriCorps. While the law does not extend to Social Security Disability Insurance (SSDI), it removes a significant barrier to participation for SSI recipients.


Any questions may be directed to: rsi5@srt.com