So with the new rules forcing sales over $600 on Paypal to be reported to the IRS (I'm guessing requiring a 1099 form as well). How much money would Cobes have to make on wands/donations before he would put his SSI payments in jeopardy?
Some ween mentioned this on the comments of one of Cobra's uploads and ever since I have been concerned :/ - the day of the lolcow may soon be coming to an end.
edit: I googled it - (from the SSI '.gov' website) - "You can make up to $1,310 (per month) (or $2,190 if you are blind) in 2021 on Social Security Disability or your benefits will stop, which is known as Substantial Gainful Activity (SGA). During the trial work period, there are no limits on your earnings, but you cannot exceed the SGA amount."
I'm pretty sure cobra has gone over this before, and he announced earlier today on stream that he's planning to go all in on wand making... :/
edit: adding on
So it looks like if you exceed the above amounts in monthly earnings you trigger a "trail work" period in which a disability recipient tests their ability to work/support themselves. During the trial work period, if they make more than the above amount they basically "work out" of their disability payments and are no longer eligible. So Josh would theoretically get a warning from his social worker once he starts making too much wand money - at which point he will have to stop the wand production.
*someone please correct me if any of this is inaccurate