SSI and SSDI’s Amounts and Payment 2024: July, August, and September

The Social Security Administration (SSA) runs important programs like Supplemental Security Income (SSI), and Social Security Disability Insurance (SSDI). Helping disabled and low-income individuals with their finances is the main key feature of this program. 

Living expenses continue to rise, therefore, such benefits are adjusted to sustain costs. This article provides much detail about the month of getting SSI and SSDI payments in 2024: July, August, and September.

Payments

Many U.S citizens who are disabled and have low-income depend on SSI and SSDI payments. These benefit given out every month to help with daily living expanses. Mostly, SSI payments are given on the first day of the month. On the other hand, SSDI payments are given on the second, third, and fourth Wednesdays of every month, based on the recipient’s birth date. When a payment date fall on a holiday, payments are made on the preceding business day.

Also Read: $1900 & $2400 Double Deposit for SSI, SSDI, VA in July 2024

The upcoming months are straightforward for the SSI payments:

• July 2024: 1st of July
• August 2024: 1st of August
• September 2024: 1st of September

SSDI Payment Dates

SSDI payments dates depend on the beneficiary’s birth date. Below is the schedule for the next three months:

Birth Date	Payment Day	July 2024	August 2024	September 2024
1st to 10th	Second Wednesday	10th July	14th August	11th September
11th to 20th	Third Wednesday	17th July	21st August	18th September
21st to 31st	Fourth Wednesday	24th July	28th August	25th September

Payment Amounts

The SSA changes the amount of Social Security Benefit that people receive, in order to keep up with high cost of living. A Cost Of Living Adjustment (COLA) of 3.2% will be applied in 2024, This will help the people to maximize their benefits. For example, If a person retires at full retirement age in 2024 will get an average of $1,907 from Social Security. $4,194 is the maximum benefit a person can get. The exact amounts may be different depending on a number of things, such as:

• Highest 35 Years of Earnings: Benefits are calculated based on the highest 35 years of your earnings, which have adjusted for inflation.
• Early Retirement: If you decided to retire early, it may affect your total benefit amount.
• Spousal Benefits: If benefits are based on a spouse’s earnings, the work history of the spouse will affect the amount.

Eligibility

To be eligible for SSI and SSDI benefits, people must meet certain requirements:

• Age and Disability: Must be 65 or older, disabled, or blind.
• Income: Must have limited amount and resources.
• Residency: Must live in the United States.

People should go to SSA’s official website for more detailed information about eligibility and benefit amount.

Managing Payments

Regarding the tracking of the payment status, you can create a “My Social Security” account at the SSA website. This account is specifically enables the user to see their previous payments, next payments, time, dates, and amount of payments. If there are changes or improvements to the benefit programs, those can be availed of from the sources listed in the frequency section and from the SSA and the U. S. government’s sites.

Remaining alert to these changes is useful with regard to managing money. Continuing to check credible websites provides additional details of extended articles and is useful for determining current changes on Social Security payments.

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