Q: I went to the casino & won $2,000 then went again & won $2,000 & $4,000 I’m on SSI do I need to report that to SSI ?
A:
If you're receiving Supplemental Security Income (SSI), it's important to understand that this program has strict rules about reporting income and assets. Winnings from gambling, such as the $2,000 and $4,000 you mentioned, count as income in the month they are received and could be considered part of your resources in the following months if not spent.
You should report these winnings to the Social Security Administration (SSA) as they could affect your SSI benefits. The SSA requires that all changes in your income, including gambling winnings, be reported to ensure that your benefit amount is calculated correctly.
Failing to report such winnings could result in an overpayment, where you might have to pay back money to the SSA, or even face penalties. Therefore, it's in your best interest to report any changes in your financial situation to avoid potential issues with your SSI benefits.
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