Supplemental Security Income Restoration Act of 2026

Increased Income and Resource Limits: The bill increases the general income exclusion from $240 to $1,892 and the earned income exclusion from $780 to $6,149 (Section 2a and 2b). It also raises resource limits for individuals to $20,000 and couples to $10,000 (Section 2c). This provides more financial flexibility for participants.

Inflation Adjustments: The bill implements a process to increase income and resource limits based on the Consumer Price Index for Elderly Consumers (Section 2d). This helps ensure that limits keep up with rising costs.

Updated Benefit Amounts: Benefit rates for single individuals and couples are tied to annual poverty guidelines rather than fixed amounts (Section 3a). This update is intended to repeal the marriage penalty (Section 3).

Resource Protections: Certain assets are excluded from being counted as resources, including qualified retirement plans or eligible deferred compensation plans (Section 5), and Indian general welfare benefits (Section 8).

Territory Expansion: The supplemental security income program would be extended to Puerto Rico, the United States Virgin Islands, Guam, and American Samoa (Section 13).

Tax Credit Clarification: The bill clarifies that refunds of certain state tax credits, such as the earned income tax credit or child tax credit, are treated differently regarding income (Section 7).