Supplemental Security Income Restoration Act of 2024
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Summary
The Supplemental Security Income Restoration Act of 2024 amends the Social Security Act to increase income and resource limits for SSI eligibility and benefits. The bill raises the general income exclusion from $240 to $1,797, the earned income exclusion from $780 to $5,839, and resource limits from $2,250 to $20,000 for individuals (and $1,500 to $10,000 for couples), with automatic annual inflation adjustments thereafter. It also increases the monthly benefit amount to $1,752 for individuals and $2,628 for couples, eliminates the marriage penalty, and excludes certain assets (retirement accounts, tribal welfare payments, in-kind support) from income and resource calculations.
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