The next SSI payment will only go to people who have already applied and been approved by Social Security. Because of all the rules, you must not have enough money. In other words, you must have little to no money and none at all.
Also, the December 31 payment can only be sent by the Social Security Administration to SSI recipients who are blind, have a disability, or are at least 65 years old. Keep in mind that some kids with a certain kind of disability may also be eligible.
Will all SSI recipients get a payment on December 31, 2024?
In fact, this is the only time that people in the United States who get SSI will get paid. Social Security payments, on the other hand, are given out 4 times a year, depending on when you started getting them or when you were born.
This means that you won’t be able to get the Supplemental Security Income payment if you are no longer eligible because:
- received a lot of money from income
- have gained resources that exceed the SSI limits
- overcome your disability
SSI new maximum amounts on December 31, 2024
The only payment in 2024 that will be bigger than the others will be this one. This is because the SSI payment on December 31 will be for January and include the price index increase for 2025.
The Social Security Administration has confirmed that there will be a 2.5% increase in the SSI payment on December 31, 2024. The increase in this COLA will be a lot less than the increase in 2024.
But the new maximum amounts will be a little higher, which is good news for people with low incomes. The most a person can get in Supplemental Security Income will go up from $943 to $967.
The amount married couples can get will go up from $1,415 to $1,450. This rise helps everyone, even essential people, whose payments will go up from $472 to $484.
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