Student Earned Income Exclusion 2024. Student earned income exclusion (seie) certain ssi exclusions may apply to a child who is also a student. For 2024, the student earned income exclusion amounts increase by 3.2 percent to $2,290 per month but not more than $9,230 in 2024.
In 2023, the monthly amount was $2,220 and will increase to $2,290 in 2024. One of the exclusions is the seie described in si.
Throughout The Volume, We Updated Links And References To The “Sai Formula Guide” To Reflect The Final Version Of The 2024.
For 2024, the student earned income exclusion amounts increase by 3.2 percent to $2,290 per month but not more than $9,230 in 2024.
One Of The Exclusions Is The Seie Described In Si.
What is the student earned income exclusion?
In 2023, The Monthly Amount Was $2,220 And Will Increase To $2,290 In 2024.
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If You Are Eligible For The Seie, Social Security Will Exclude Up To $2,290 Of Your Wages Per Month In 2024 Before They Deduct Any Other Earned Income Exclusions.
There is an annual maximum exclusion of $9,230 (2024).
Allows The Student To Exclude A Specified Amount Of Gross Earned Income Per Month Up To A Maximum Annual Exclusion, Thus Decreasing The Amount Of Countable Earned Income.
The student earned income exclusion generally increases yearly based on changes in the cost of living.
To Address This Issue, The Ssi Program Offers The Student Earned Income Exclusion (Seie) Which Allows Ssi Beneficiaries Under Age 22 Attending School Regularly To Exclude Up To.
