Change to SSI In Kind Support and Maintenance shelter rule

The Social Security Administration has published a final rule changing the In Kind Support and Maintenance (ISM) rule.  The ISM rule counted shelter that SSI recipient receives for less than fair market value as unearned income that could reduce Supplemental Security Income.  Effective September 30, 2024, only rent that is less than Social Security’s defined Presumed Market Value counts as ISM.  For 2024, the Presumed Market Value amount is $334.33.  (Social Security Dear Colleague Letter, April 17, 2024.)