If you are collecting social security disability a month, and you day trade in the stock market daily, will that affect ones future social security income benefits/the amount received monthly ?
I think you will get a better answer from someone in the Social Security Disability area than in the tax area.
Best wishes for getting a good answer.
No attorney-client relationship is established by this response to your questions.
Like so many things in the law the answer is "it depends." Usually passive income from interest, dividends and capital gains would not impact your SSDI benefits. However, if you are essentially trading stocks as a job then you are working and that income could very well affect your benefits.
answers to questions are for general purposes only and do not establish an attorney-client relationship.
I agree with attorney Pont's answer. The amount you are getting on investments is not going to affect your SSDI monthly benefits. The main concern here, however, is that engaging in stock market day trading on a regular, daily basis looks like you are engaging in substantial gainful work activity, and if you can do that on a regular basis, you may be considered under SSA rules to be participating in a trial work period. In 2020, average earnings of $1,260 or more per month are presumed to be substantial. If you have any impairment-related work expenses because of your disability, such as specialized equipment, or a wheelchair, those expenses are deducted from your earnings. Here is some basic information from SSA about working while disabled at https://www.ssa.gov/pubs/EN-05-10095.pdf. After a time, if you continue to work steadily, SSA would likely re-evaluate your disability under a continuing disability review to see if you continue to be disabled or not.
The answer is a general comment based only on the facts in the question and is not considered legal advice.
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