Despite the fact that all eligible SSI recipients received a check or direct deposit for December on November 29, 2024, the Social Security Administration has scheduled another payment.
In fact, if you qualify, it will be in your bank account before the year 2025. Yes, this is your January Supplemental Security Income payment.
For your information, the Administration must reschedule payments from time to time. This frequently occurs when the SSI payment is due on a federal holiday or weekend. Payments cannot be sent on Saturdays, Sundays, or federal holidays.
No SSI payment on January 1, 2025
On December 31, 2024, the Social Security Administration will issue the Supplemental Security Income program’s January 1 payment. As a result, the 2.5% COLA increase will be implemented in 2024 via check and direct deposit.
As a result, all married couples on SSI who are still eligible will receive their payments from the federal government within about 22 days. It is critical to know when you have cash in order to plan your monthly budget for the new year.
Individuals and essential persons will receive their January payments on December 31, 2024. However, they will not be eligible for such a large payment.
Who will receive $1,450 from the SSI program on December 31?
This is for married couples who qualify for Social Security but do not receive any reductions. For example, if you have no savings, no money on hand, and no income, you may both be eligible for a payment of up to $1,450.
Seniors or SSDI recipients who receive Social Security payments at the same time may not be eligible for the full benefit. This will be the first time couples can receive $1,450.
Beginning December 31, 2024, all recipients will receive a 2.5% increase due to a cost-of-living adjustment. Individuals will pay up to $967 per month (943 dollars in 2024), while essential people will pay up to $484 ($472 in 2024).
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