Despite the fact that all qualified SSI beneficiaries received a check or direct transfer 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 by 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 payment.
As a result, all married couples on SSI who are still eligible will get their payments from the federal government within around 22 days. It is critical to know when you have cash in order to plan your monthly budget for the new year.
Individuals and key persons will get their January payments on December 31, 2024. However, they will not be eligible for such a substantial sum.
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 payout of up to $1,450.
Seniors or SSDI recipients who receive Social Security payments at the same time may not be eligible for the entire benefit. This will be the first time couples can receive $1,450.
Beginning December 31, 2024, all recipients will get 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).
Also See:- Social Security payment of $3,822 for 66-67-year-olds to be issued in 2, or 9 days
