SSI users will get their next payment in approximately three weeks. Even if they all received their December payments on November 29, 2024, there will be another one on December 31, 2024.
For your knowledge, the last payment will be sent on January 1, 2025, not December 31. The Social Security Administration has rescheduled this Supplemental Security Income payment and will send it 24 hours in advance.
There are numerous benefits to receiving an SSI check or direct deposit in advance, particularly being able to spend your money as quickly as possible if you are experiencing financial troubles. Because January 1 is a Federal Holiday, SSA offices and banks will be closed for the whole day. Even if online services are available, no payments are issued on that date.
SSI payments of up to $1,450
Social Security has announced that this federally financed payment will pay up to $1,450 to eligible married couples. If you are single, your maximum payout from Supplemental Security Income will be $967, up from $943.
These are the highest SSI payment levels if you do not receive any reductions. Keep in mind that if you receive Social Security Disability Insurance (SSDI) or retirement benefit payments, your benefits will be reduced in most situations.
That is why the average payout for all SSI participants is $698 (as of November 2024). Supplemental Security Income users aged 65 and up receive an average of $575 since they may be receiving retirement payments.
Essential persons to get $484 from SSI
If you are not an individual or a married couple, you may be eligible for Supplemental Security Income payments. To be considered an essential person, you must meet all of the qualifications.
Although their compensation is significantly lesser, up to $484, it is of enormous assistance to those who require it the most. All SSI payments for individuals, couples, and dependents will rise by 2.5% following the 2025 COLA hike.
If you believe your payment is insufficient and you are experiencing food insecurity, you can apply for other relevant Federal programs, such as the Supplemental Nutrition Assistance Program (SNAP).
Also See:- The New Major Changes to Social Security