Although all qualified SSI beneficiaries received a check or direct deposit for December on November 29, 2024, the Social Security Administration has planned a fresh payment. In fact, if you qualify, it will be in your bank account by the year 2025. This is your January payment for Supplemental Security Income.
For your information, the Administration must reschedule payments from time to time. This typically occurs when the SSI payment is due on a Federal Holiday or weekend. Payments cannot be sent on Saturdays, Sundays, or federal holidays.
No SSI payment on January 1, 2025
On December 31, 2024, the Social Security Administration will issue the Supplemental Security Income program’s January 1 payment. As a result, the 2.5% COLA increase will be implemented in 2024 via check and direct payment.
Married couples on SSI who remain eligible will get their payment from the Federal Government in approximately 22 days. It is critical to know when you have cash in order to plan your monthly budget for the new year.
Individuals and important persons will get January payments on December 31, 2024. However, they will not be eligible for such a substantial sum.
Who will receive $1,450 from the SSI program on December 31?
This is for married couples who qualify for Social Security but do not receive any reductions. If you have no savings, cash, or earnings, you may be eligible for a payment of up to $1,450.
Seniors or SSDI claimants may not receive the whole amount if they also receive Social Security payments. This will be the first time couples can receive $1,450.
Starting December 31, 2024, all recipients will get a 2.5% increase due to cost-of-living adjustments. Individuals will pay up to $967 per month (943 dollars in 2024), while essential people will pay up to $484 ($472 in 2024).
Also See:- Social Security payment of $3,822 for 66-67-year-olds to be issued in 2, or 9 days