Social Security payment schedule brings for August, SSI is due on July 1

Juilia Ruskin
4 Min Read

Supplemental Security Income (SSI) is a crucial program for many people in the United States. If you or someone you know receives SSI, it’s important to stay updated on when payments are coming. This guide will help you understand the payment schedule for SSI and what to expect in the coming months.

Advertisement

When SSI Payments Are Made

Usual Payment Schedule

SSI payments are usually sent out on the first day of each month. However, if the first day falls on a weekend or a federal holiday, the payment date might change. In such cases, the Social Security Administration (SSA) will send the payment a day or two earlier.

Advertisement

July 1 Payment

For July, all SSI recipients will get their payment on July 1. This includes those receiving checks or direct deposits.

Advertisement

Additional Payments and Eligibility

Receiving More Money

Some SSI recipients may also receive Social Security Disability Insurance (SSDI) or retirement benefits. These additional payments can come on different days. For example, some people might get a payment on July 3 if they qualify for both SSI and SSDI.

Advertisement

Payment Amounts

The amount of money you receive can vary:

Advertisement
  • Individuals: Up to $943
  • Married Couples: Up to $1,415
  • Average Payment: $697 as of May 2024

August and September Payments

August Payments

In August, SSI payments will follow the usual schedule. The regular SSI payday will be on August 1.

Advertisement

Double Payments in August

There will be a special case in August. Because the September 1 payment date falls on a weekend, SSI payments for September will be sent on August 30. This means recipients will get two payments in August and none in September.

Advertisement

Planning Ahead

It’s important to plan your finances carefully. The extra payment in August needs to last through September since there will be no payment that month.

Advertisement

Staying informed about your SSI payments can help you manage your finances better. Remember, if the first of the month falls on a weekend or a holiday, you might get your payment earlier. This year, watch out for the double payment in August and plan accordingly.

Advertisement

When are SSI payments usually made?

SSI payments are usually made on the first of each month. If the first falls on a weekend or holiday, the payment is sent earlier.

Advertisement

When will I get my July SSI payment?

SSI recipients will receive their payment on July 1, regardless of whether they receive checks or direct deposits.

Advertisement

Can I receive more than one type of payment?

Yes, some recipients may also receive Social Security Disability Insurance (SSDI) or retirement benefits, which can be paid on different days.

Advertisement

How much can I receive from SSI?

In 2024, individuals can receive up to $943 per month, and married couples can receive up to $1,415 per month. The average payment as of May 2024 is $697.

Advertisement

Why will there be two payments in August?

Because September 1 falls on a weekend, the September payment will be made on August 30. This results in two payments in August and none in September.

Advertisement

Advertisement

Share This Article
Follow:
An up-and-coming tax attorney passionate about educating readers on tax planning and mitigation strategies. Juilia articles offer practical advice and actionable tips to help individuals and businesses navigate the intricacies of tax law with confidence.
Leave a comment