Federal Insurance Contributions Act (FICA) taxes are the taxes on wages that fund Social Security and Medicare. The Social Security taxes and Medicare taxes are separate and operate differently. Social Security taxes are 12.4% of an employee’...
social security
in-kind support and maintenance (ISM)
In-kind support and maintenance (ISM) is an unearned income which is attributable to an SSI recipient in the form of shelter or food. It may be provided by a family member within the same household or by anyone outside of the household. This...
noncountable resource
Medicaid rules permit some resources to be excluded that would otherwise be counted for purposes of determining Medicaid eligibility . A resource is money as well as something that you own and can turn into cash and is defined in 42 USC §§ § 1382b and...
OBRA
A Congressional act that contains disparate statutory provisions which were enacted to align reconciliation bills with instructions in a budget resolution. Congress passed Omnibus Budget Reconciliation Acts in 1981, 1982, 1983,...
Old Age, Survivors, Disability Insurance (OASDI)
The Old-Age, Survivors, and Disability Insurance (OASDI) is a federal insurance program that provides benefits to retired and/or disabled workers and their dependents (spouses, children) and to survivors of insured workers. The OASDI is the...
payroll taxes
Payroll tax is tax paid by an employer for each employee and deposited into an IRS account. The Internal Revenue Code imposes two forms of employment tax obligations on an employer that both fall under payroll tax. First, the employer is...
Plan for Achieving Self-Support (PASS)
Plan for Achieving Self-Support (PASS) is a program run by the Social Security Administration (SSA) to help Supplemental Security Income (SSI) recipients return to work. Under PASS, SSI recipients design a plan that shows how certain assets—such as a...
POMS
The acronym POMS means Program Operations Manual System, a set of operational guidelines used as a reference by the Social Security Administration (SSA) to conduct its daily social security activities.
The POMS is divided...
presumed maximum value (PMV)
A cap of the amount of in-kind support that a person can receive from supplemental security income (SSI). This rule only applies when an individual or couple receives some form of in-kind support or maintenance but does not receive food and shelter...
self-employment tax
Self-employment tax is the Federal Insurance Contributions Act (FICA) tax that a person who is self-employed must pay on profits. The taxes consist of the Social Security taxes and Medicare taxes which are separate and operate differently. As...