Here’s when SSI checks of $589 will be issued in late December, Social Security confirms the new date

December 12, 2024 Add Comment
Here’s when SSI checks of $589 will be issued in late December, Social Security confirms the new date

The current maximum amount for SSI benefits varies by recipient category. For example, an eligible married couple can get up to $1,415 in 2024. Once the January 2025 payments are issued, Supplemental Security Income payments will increase by 2.5%. So, an eligible married couple can receive up to $1,450.

Individuals on SSI will earn up to $967 in 2025, up from $943. Essential persons can receive up to $484 in 2025 and $472 in 2024. However, the average payment for seniors aged 65 and up is $575 in November 2024. As a result, this group of recipients will get around $589 before the year 2025.

SSI will be due on December 31, 2024

The next SSI payment for January 2025 will be issued to beneficiaries’ bank accounts on December 31, 2024. Remember that this is not an additional payment and will be one of the twelve payments for 2025.

Actually, it will arrive 24 hours ahead of schedule because January 1, New Year’s Day, is a federal holiday. Because federal holidays cannot be paydays, the funds must be issued one day before the due date.

Not surprisingly, the SSI payment for February is due on January 31, 2025. Since February 1 comes on a Saturday, the Supplemental Security Income payment will be delivered on a business day rather than on a weekend.

Here’s when SSI checks of $589 will be issued in late December, Social Security confirms the new date
Source google.com

Other possible amounts for SSI on December 31, 2024

If you do not qualify for the maximum amounts, you may receive other amounts after COLA.

  • Largest benefit for an essential person in 2025: $484
  • Largest benefit for an individual in 2025: $967
  • Largest benefit for an eligible married couple in 2025: $1,450
  • Seniors aged 65 or older will get on average: $589
  • Recipients under 18 will get on average: $838
  • Recipients aged 18-64 will get on average: $762

The Social Security Administration‘s key prerequisites for receiving SSI payments are having a disability, being blind, or being at least 65 years old. If you meet one of them, you must adhere to certain revenue and resource constraints. If you surpass them, you will not be eligible. Citizenship and other criteria may apply to both adults and children.

Also See:- The list of Social Security changes for 2025 is now official – What retirees should keep in mind