December 2014 | VOLUME #112
The Student
Earned Income Exclusion (SEIE) is a work incentive and support that allows
certain Supplemental Security
Income (SSI) recipients under the age of 22 who are regularly attending school
or training to exclude a specified amount of gross earned income per month, up
to a maximum annual exclusion amount. The SEIE decreases the amount of countable
earned income, thus permitting SSI recipients to keep more of their SSI check
when they work. In many cases, it allows students to test their ability to work
without experiencing any reduction in their SSI check at all. For 2014, SSI
recipients under 22 and regularly attending school can exclude up to $1,750 a
month in earned income, up to a maximum of $7,060 for the year. Learn more...
Source: SSA
Social
Security is developing a long-range vision and strategic plan, called Vision 2025, and they want
to hear from you. Complete their survey and tell them how
you would prefer to conduct business with them in the next 10 to 15 years.
The IRS is asking for input on
what programs they are offering are most beneficial to employers. Please assist
us in responding to the survey. NOTE: This would be the place to
discuss an IRS representative being allowed to attend education
conferences offered by the State to its political subdivisions.
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