SSDI Payment Dates for January 2024: Who Gets Paid and When

Social Security Disability Insurance (SSDI) helps people with disabilities by providing monthly payments. The amount of money someone gets can vary based on their work history and how much they’ve contributed to Social Security. In 2024, the maximum SSDI payment you can get is $3,822, but it’s hard to reach that amount unless you’ve worked for 35 years and earned the taxable maximum during that time. One important factor that can change SSDI payments each year is the Cost-of-Living Adjustment (COLA). This adjustment helps keep payments in line with rising prices, so people can continue to afford necessities. The latest COLA fact sheet shows that in January 2025, people receiving SSDI will see an average payment of $2,826 per month if they have a disability and dependents.

How SSDI Payments Change in 2024

What is the maximum SSDI payment for 2024? In 2024, the highest SSDI payment someone can receive is $3,822. However, this is only for people who have earned the taxable maximum for 35 years, which is rare. How does COLA affect SSDI payments? The Social Security Administration uses COLA to adjust SSDI payments when prices go up. This ensures that benefits keep up with inflation, so people can maintain their purchasing power.

When Will You Receive SSDI Payments in 2024?

The first payments of 2024 will include the COLA increase and will be sent on January 3, 2024. These payments are for those who:

• Started receiving SSDI before May 1997.
• Receive both SSI (Supplemental Security Income) and SSDI.

After January 3, there will be three more paydays:

• January 8: For people whose birthday falls between the 1st and the 10th of the month.
• January 15: For birthdays from the 11th to the 20th.
• January 22: For birthdays from the 21st to the 31st.

Expected Changes for 2025

In 2025, SSDI recipients will see a smaller COLA increase of just 2.5%. This increase is expected to raise the average SSDI payment by about $38, which may not seem like much, but it can make a difference for people depending on their benefits to cover living costs.

SSDI Payments in 2024: Key Takeaways

• The maximum SSDI payment in 2024 is $3,822, but it’s hard to reach.
• Average SSDI payments for January 2025 are estimated at $2,826.
• Payments will begin on January 3, 2024, and be based on your start date and birthday.
• The 2025 COLA increase will be about 2.5%, adding roughly $38 to the average payment.