Presumed maximum value

{
  "id": "MLC-T-LAW-003875",
  "term": "Presumed maximum value",
  "field": "Law",
  "definition": "An SSI rule that caps the in-kind support and maintenance, such as free shelter provided by someone else, that Social Security counts as a recipient's unearned income. Social Security counts the lesser of the actual value received or the cap, which equals one third of the federal benefit rate plus the $20 general income exclusion. In 2023 the cap for an individual was $324.67 a month, and the recipient may rebut the presumption with evidence of a lower value.",
  "abbreviation": "PMV",
  "url": "https://mlchart.com/terminology/law/presumed-maximum-value/"
}