Over 7.5 million Americans benefit from the Supplemental Security Income program. If you are eligible, the SSI program can pay you up to $943; however, this maximum amount will no longer be available. The same applies to eligible married couples who got the maximum payout of $1,415 in 2024.
In fact, the payment on December 1, 2024, was the last day to obtain the maximum sums. After that, the 2025 COLA rise will take effect, providing all recipients with a 2.5% raise from the federal government. Social Security has certified the benefit increase for those who are still eligible for it.
When has Social Security issued the SSI payment for January?
The Social Security Administration fixed the next January 2025 payment for SSI on December 31, 2024. As a result, all beneficiaries will receive their check or direct transfer one day in advance.
If your payment is due on a Federal Holiday, you can still get money from the government. In such circumstances, the Agency moves the payout to the preceding working day.
Even if it is still 2024, you can receive your January SSI payout in 2024, not 2025. Thus, it is not an additional payment or bonus; it is just money given ahead of time.
Goodbye to the old SSI maximum amounts
It’s time to welcome the following SSI maximum amounts for individuals who qualify:
- Maximum amount for an individual: up to $967 ($943 in 2024)
- Maximum amount for an eligible married couple: up to $1,450 (up from 1,415)
- Maximum amount for an essential person: up to $484 (up from $472)
- an average payment will become about $714 (up from $697 as of October 2024)
SSI payments are only for those who have no or little money. Furthermore, they must meet one of the Social Security eligibility requirements. For example, you must be disabled, at least 65 years old, or blind. For your knowledge, the COLA increases once a year and only if inflation rises. Payments may occasionally remain unchanged or even be reduced.
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