Today, we’re going to explore an important topic: SGA 2023 versus SGA 2024. What’s SGA, you might ask? It’s all about how much money you can earn while still receiving disability benefits. We’ll also take a look at how these changes may affect you and where to find disability lawyers in Greensboro, NC if you need help.
What is SGA?
Before we dive into the differences between SGA in 2023 and 2024, let’s make sure we understand the term. SGA stands for “Substantial Gainful Activity.” In simple words, it’s the amount of money you can earn from work while still qualifying for SSDI or SSI disability payments from the Social Security Administration (SSA).
SGA 2023: What’s the Limit?
For 2023, the SGA limit is set at $1,470 per month. This means that if you earn more than $1,470 a month, you might not be eligible for SSDI or SSI disability benefits. The SSA checks your earnings to make sure they don’t go over this limit. This ensures disability benefits are reserved for individuals who need them most.
SGA in 2024: What’s Changing?
In 2024, there will be a slight increase in the SGA limit. These increases occur annually and match the cost-of-living increase made to disability payments each year. The new SGA limit for 2024 will be $1,550 per month. This means that you can earn up to $1,550 per month and still receive your disability benefits. This increase is meant to help people with disabilities who want to work and make a bit more money without losing their vital benefits.
What Does the SGA Change Mean for You?
If you’re someone considering applying for disability benefits, these changes might be important to you. Here’s how they can affect you:
1. More Opportunity to Work: With the SGA limit increasing to $1,550, you have a bit more flexibility to work and earn money.
2. Easier to Stay Eligible: You won’t have to worry about losing your benefits if your earnings are under $1,550 per month. It’s good news for those who want to work part-time or have a job with earnings close to the SGA limit.
3. Still Follow the Rules: While the SGA limit is increasing, it’s crucial to remember that you must follow the SSA’s rules and report your income accurately. The SSA will check your earnings regularly, and if you go over the limit, your benefits could be affected.
Where to Find Disability Lawyers in Greensboro, NC
Now, let’s talk about finding disability lawyers in Greensboro, NC. Sometimes, dealing with disability benefits and changes in SGA is challenging. Individuals working with disability lawyers have higher approval rates than those who apply on their own.
Additionally, not all disability lawyers represent claimants at every stage of the process. Some firms won’t sign on for initial applications and others won’t accept SSI or children’s cases. That’s why it’s important to take advantage of a free consultation with a disability lawyer to ensure the firm and lawyer is a good fit for your needs.
This content is provided by Collins Price, PLLC. We are local disability lawyers in Greensboro, NC practicing Social Security Disability law for over a decade. We help thousands of claimants in our area secure the SSDI or SSI disability benefits they deserve no matter where they are in the process.
To request a free consultation on your disability claim, contact one of our attorneys today. There is no fee for our services unless your claim is successful.
In conclusion, the change in SGA 2023 to 2024 means that you have a bit more flexibility when it comes to earning money while receiving disability benefits. Remember to follow the rules, accurately report your income, and, if needed, don’t hesitate to seek assistance from disability lawyers in Greensboro, NC. They can provide the guidance and support you need to ensure you receive the benefits that are so important for you and your family.