The Social Security Administration just announced that people who get Supplemental Security Income (SSI) will get a new direct payment next week. People who get SSI usually get their monthly payments on the first of each month, unless that day is a government holiday or the weekend. Because of this, SSI recipients get two payments this month. They already get their August benefits on the first of the month, but they will also get an extra SSI direct payment on Friday, August 30th, since September 1st is a holiday. If you are currently getting SSI benefits, find out when your next payment is due, what you need to do to be eligible, and how much money you can expect each month.
The SSI direct payment date change has been officially announced
As we already said, people who get Supplemental Security Income (SSI) get their money on the first of every month. But if that date happens on a holiday or weekend, the federal agency moves the payment to the business day before. Plus, people who get SSI will get an extra direct payment in August. This will also happen in November, since December 1st is a weekend. Here is a list of all the confirmed Social Security payment dates based on when they are due:
- Thursday, August 1st
- Friday, August 30th (Instead of September 1st)
- Tuesday, October 1st
- Friday, November 1st
- Friday, November 29th (Instead of December 1st)
Remember that if your Social Security check doesn’t come on the due date, you should wait at least three mailing days before calling SSA Customer Service. The delay could be because your bank is taking longer than expected to process the payment. You can contact customer service or log in to your “My Social Security Account” to learn more about your monthly benefits and payment amount, download your records, or ask for more work to be done.
Which requirements must beneficiaries meet to receive the SSI direct payment next week?
Citizens of the United States must show that they meet the income and resource requirements ($2,000 for people and $3,000 for couples) in order to get an SSI direct payment. They must also be low-income seniors over 65, disabled, or children who are having trouble paying their bills. People who get SSI can expect to make an average of $658 a month. However, people who file as individuals or pairs can make up to $943 and $1,415 a month, respectively. This month, however, there is an extra SSI straight payment, so recipients will get Individuals and couples who qualify will receive an average of $1,316 in August. Individuals will receive $1,886 and couples will receive $2,830.
Are SSI beneficiaries required to pay taxes on their monthly benefits?
The Internal Revenue Service (IRS) says that Supplemental Security Income (SSI) payments should not be taxed. To let you know, the federal government pays for SSI benefits. Social Security is the only agency that handles applications and payouts. Keep in mind, though, that Supplemental Security Income (SSI) is not the same as Social Security benefits like retirement, survivor, or disability payments, which are taxed up to a certain amount. This means that most SSI recipients would not have to pay taxes if they don’t have any other major income besides their SSI benefits.
According to the Social Security Administration, you may have to pay taxes on up to 85% of your retirement or SSDI payments. This happens if they each file their own federal tax return and their total income is more than $25,000. In the same way, a beneficiary may have to pay taxes on up to 85% of their benefit if they file jointly and their total income is more than $32,000. For married people who don’t file equally, the rules are different. It’s possible that you will have to pay taxes on your benefits if you filed separately before you got married. If you want to keep your benefits without having to pay taxes on them, filing jointly may be a better choice. Get SSI even if your Social Security payment isn’t very much.