How much is the general income exclusion that is deducted from unearned income?

The correct amount for the general income exclusion deducted from unearned income is indeed 20. This exclusion applies to individuals receiving Supplemental Security Income (SSI) and is a critical component in determining SSI eligibility and benefit amounts.

The general income exclusion allows recipients to disregard the first 20 dollars of their unearned income when calculating their SSI benefits. This means that if an individual has a total of unearned income, such as Social Security benefits or pension payments, they can subtract this exclusion from their total income before it is assessed against the SSI limits.

Understanding this exclusion is vital for recipients as it can help maximize their benefits by ensuring that a portion of their unearned income does not affect their eligibility or the amount they receive. For example, if an individual receives $300 in unearned income, the first $20 would be excluded, and only $280 would be considered for SSI calculations.

The other amounts listed do not represent the correct general income exclusion, meaning they do not reflect the established guidelines under the Social Security Administration’s regulations. Therefore, the choice of 20 aligns with the current rules governing unearned income exclusions for SSI recipients.