Social Security: Income changes must be reported

By Jim Glenn / Columnist

The Social Security Administration reminds people who get Supplemental Security Income (SSI) benefits that they must report all changes in their income, the things they own, or how they pay their household expenses.

It’s important to report changes as soon as possible, so we can be sure we’re paying you the right amount. If you do not report changes, your benefit amount may be wrong. Sometimes you may be due more money than you’re getting.

There are penalties for not reporting a change or for making a false statement -?a fine, a prison sentence or both.

Always report income changes and let Social Security know if you start or stop working, if your employer changes, if you get a raise or if your pay days change. Keep all of your pay stubs so we can verify your income.

Tell Social Security about any other income, like pensions, government benefits and insurance payments.

The things people own can affect their SSI payments. They should report changes in their bank accounts, stocks, bonds, certificates of deposits, Christmas club accounts, cars, property and anything else they own, buy or sell.

How people handle their household expenses or living arrangements can make a difference in their SSI payments. The benefit amount is different when someone else pays for their rent and food, or when they do not pay their share of the household expenses.

Also, be sure to report if you marry, separate, divorce, move or have children. If your spouse or children who live with you have changes in their income, assets or living arrangements, report these changes, too.

Sometimes their changes affect your payment amount.

For more information, visit Social Security’s Web site at www.ssa.gov or call 1-800-772-1213 or visit us at 931 Old Smithville Highway.