| 2005
Student Earned Income Exclusion
The student earned income exclusion
(SEIE) is a work incentive that allows certain SSI recipients who
are under age 22 and regularly attending school to exclude a specified
amount of gross earned income per month up to a maximum annual exclusion.
The student earned income exclusion (SEIE) decreases the amount
of countable earned income, thus permitting SSI recipients to keep
more of the SSI check when they work. In many cases, the SEIE allows
students to test their ability to work without experiencing any
reduction in the SSI check at all.
The SEIE is applied to a student's gross earnings
before any other allowable exclusions. In 2004, the Social Security
Administration (SSA) will exclude all gross earnings up to a maximum
of $1,370 per month until the full annual exclusion of $5,520 is
exhausted or the individual is no longer a "student child".
The annual SEIE maximum applies to the true calendar year that begins
in January and ends in December. It is not possible to apportion
the amount of the SEIE applied in a given month. All earnings received
in a month up to the current monthly maximum will be excluded as
long as the annual maximum has not been reached. As of January of
2001, SEIE amounts are indexed annually, meaning they go up (or
at least remain the same) each year in January. Past monthly and
annual amounts are shown below:
For
Months |
Maximum
Exclusion Per Month |
Maximum
Annual Exclusion |
| In
calendar years before 2001 |
$400.00 |
$1620 |
| In
calendar year 2001 |
$1290 |
$5200 |
| In
calendar year 2002 |
$1320 |
$5340 |
| In
calendar year 2003 |
$1340 |
$5410 |
| In
calendar year 2004 |
$1370 |
$5520 |
| In
calendar year 2005 |
$1410 |
$5670 |
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