What is proof of income?

Proof of Income for Mortgage.

What is proof of income?

Proof of income is required by the Social Security Administration (SSA) to determine if you are eligible for disability benefits. A doctor will request proof of your earned and unearned income. When he or she determines that you cannot work because of your medical condition(s). You should have prepared to provide proof of income when requested by SSA Proof of Income for Mortgage.

How is earned income defined?

Earned income includes wages and self-employment income. Unearned income includes Social Security benefits, Supplemental Security Income (SSI) payments, interest on bank accounts, dividends from stocks or bonds as well as veteran’s benefits. Earned and unearned income have combined to determine if you meet SSA’s income and resource limits. (Resources include cash, bank accounts and property you own. They do NOT include your primary residence or one vehicle Proof of Income for Mortgage..)

If you are working, your employer should be providing SSA with the necessary information on a W-2 form for earned income as well as any 1099 forms for unearned income. If you are self-employed, you should have providing SSA with the necessary information on a Schedule C form for earned income as well as any 1099 forms for unearned income.

Conclusion

SSA will use the information on your W-2 forms and/or Schedule C form to determine if you meet the income limit for SSDI. If you are currently receiving benefits. SSA can request proof of income at any time to determine if the monthly payments should be continued. Keep this in mind as it is important that we provide proof of income when requested. If you do not meet the income limit for SSDI. There may be other types of benefits you can receive under Social Security.

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