People who get Social Security are due up to $4,873 today and again next week

People who get Social Security are due up to $4,873 today and again next week

There are seniors who are getting a $4,873 Social Security payment because they meet all the requirements. Others might be able to, but they would have to pay an average of $1,919 first. How much you can get from SSA will rely on how much work you’ve done and how many tax returns you’ve made in the past.

At some point on September 11, Social Security will send a direct deposit or check, no matter how much the payment is. In fact, this is the first of three rounds. People who were supposed to get money for retirement but haven’t yet should check to see if they are still eligible to get money in the coming weeks.

Eligibility: Social Security on 9/11

If you want to get money on September 11, you must have been getting retirement payments after April 30, 1997. Also, you must have been born between January 1 and October 10.

People who were born between September 11th and September 20th and are in the same position will get their money on September 18, 2024. Only retirees whose birthday is after September 20 will get their last payment on September 25.

That’s from January 21st to January 31st. The most they could get is $4,873, but they might get payouts more often on average. Folks who got Social Security before May 1997 will get it again on October 3. If you get both retirement benefits and SSI, your next payment will be October 3, 2024.

Social Security Update: Payment of $4,873 Goes Out This Week - Newsweek
Source newsweek.com

$4,873 from Social Security on Sep. 11

You had to work in jobs that were covered by Social Security for 35 years, make the most money possible during that time, and file your taxes when you were 70 years old. Please look over the list to see if you meet all the conditions to get $4,873 in 2024:

  • have filed when you turn 70 years old, but not before that age
  • worked for 35 years
  • you paid enough Social Security taxes as you worked
  • earned the contribution and benefit base (taxable maximum) for 35 years
  • did not break any rules from SSA

It’s fine to file before age 70, but your payment will be less. One example is that if you file at age 62, you usually get a 30% tax break. At age 62, the biggest payment is $2,710, and at full retirement age, it’s $3,822.

Also See:- Non-SSI recipients will not receive SSDI direct deposits on September 11