NOTE: As of March 9, 2005, SSA has changed its resource-counting rules in the SSI program by eliminating the dollar value limit for the exclusion of household goods and personal effects. As a result, SSA will not count household goods and personal effects as resources. For more information see: http://www.ssa.gov/regulations/articles/rin0960_af84f.htm
ALSO NOTE: As of March 9, 2005, SSA has changed its rules for excluding an automobile in determining the resources of an SSI applicant or recipient. SSA will exclude one automobile (the "first" automobile) from resources if it is used for transportation for the individual or a member of the individual's household, without consideration of its value. For more information see: http://www.ssa.gov/regulations/articles/rin0960_af84f.htm
FURTHER NOTE: On July 18, 2005, SSA issued Final Rules amending the SSI regulations by making technical revisions to rules on income and resources based on the Social Security Protection Act (SSPA) of 2004 and several other statutory changes. These revisions, among other things, clarify that certain types of income are excluded when determining SSI income and resources. These include income from the following sources: (1) Any matching funds and any interest earned on these matching funds that are retained in an Individual Development Account (IDA), as provided for by the Community Opportunities, Accountability, and Training and Educational Services Act of 1998. These IDAs are funded by a demonstration project authorized by Public Law 105-285. (2) Any earnings, TANF matching funds, and accrued interest retained in an IDA, as provided for by section 103 of the Personal Responsibility and Work Opportunity Reconciliation Act of 1996. (3) Any unspent portion of retroactive Title II and Title XVI benefits is excluded from resources for a time period of 9 months. (4) Any unspent portion of Federal income taxes related to an Earned Income Tax Credit (EITC) is excluded from resources for a time period of 9 months following the month of receipt. (5) Any unspent portion of any refund of Federal income taxes relating to the Child Care Tax Credit is excluded from resources for a time period of 9 months following the month of receipt. For more information see: http://www.ssa.gov/regulations/articles/rin0960_ae79f.htm
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