Page 1 of 1 [ 9 posts ] 

Spectrum94
Butterfly
Butterfly

User avatar

Joined: 30 Apr 2015
Posts: 10

07 Oct 2015, 7:47 pm

I live in Illinois and am curently on ssi and Medicaid but I want to try and Run for a championship on Iracing but there is a 10 thousund dollar check and I was wandering if anyone knew what that would do to my benafits



beakybird
Veteran
Veteran

User avatar

Joined: 25 Dec 2012
Gender: Male
Posts: 1,789
Location: nj

07 Oct 2015, 8:15 pm

I don't believe it would impact your benefits. My friend's disability was not impacted by a 250,000 settlement. I don;t think the 10K would make an impact if it wasn't earned working. I think it'd be more looked at like you won at the race track or casino.

Of course double check this first but I'm fairly certain. I mean, it may cause you to have to file taxes however.



Spectrum94
Butterfly
Butterfly

User avatar

Joined: 30 Apr 2015
Posts: 10

07 Oct 2015, 10:08 pm

I can file taxes if it means I can still chase my dream



Spectrum94
Butterfly
Butterfly

User avatar

Joined: 30 Apr 2015
Posts: 10

07 Oct 2015, 11:42 pm

Also where would I go to double check?



beakybird
Veteran
Veteran

User avatar

Joined: 25 Dec 2012
Gender: Male
Posts: 1,789
Location: nj

08 Oct 2015, 6:18 am

With social security offices I'd imagine. I'm sure there is a number you can call.



Spectrum94
Butterfly
Butterfly

User avatar

Joined: 30 Apr 2015
Posts: 10

08 Oct 2015, 10:52 am

Ok thank you.



beakybird
Veteran
Veteran

User avatar

Joined: 25 Dec 2012
Gender: Male
Posts: 1,789
Location: nj

09 Oct 2015, 6:09 am

Spectrum94 wrote:
Ok thank you.

Ok sorry for not having a more definitive answer for you. Good luck. In both getting the info and your race.



nick007
Veteran
Veteran

User avatar

Joined: 4 May 2010
Gender: Male
Posts: 27,640
Location: was Louisiana but now Vermont in capitalistic military dictatorship called USA

13 Oct 2015, 1:19 am

Your only allowed $20 of unearned income. You'd lose your SSI check for the month you get the thousand & it'll start up again the month after if you have less than two thousand in your account.


_________________
"I don't have an anger problem, I have an idiot problem!"
~King Of The Hill


"Hear all, trust nothing"
~Ferengi Rule Of Acquisition #190
https://memory-alpha.fandom.com/wiki/Ru ... cquisition


beakybird
Veteran
Veteran

User avatar

Joined: 25 Dec 2012
Gender: Male
Posts: 1,789
Location: nj

13 Oct 2015, 6:21 am

nick007 wrote:
Your only allowed $20 of unearned income. You'd lose your SSI check for the month you get the thousand & it'll start up again the month after if you have less than two thousand in your account.


So there you go. Clear out your account once the check clears.