The usual SSI payment schedule will change in September.
Supplemental Security Income (SSI) serves as a crucial financial lifeline for 7.5 million beneficiaries. While SSI payments are typically issued on fixed dates, there are exceptions to this schedule, such as the one occurring in September.
The Social Security Administration (SSA) typically disburses SSI payments on the 1st of each month. However, if this date falls on a holiday or weekend, the SSA issues the payment on the preceding business day.
This adjustment has already occurred twice this year, in January and June. It will happen again in September, as the first of the month falls on a Sunday. Therefore, SSI recipients can expect their payment on Friday, August 30.
If your payment doesn’t arrive on the scheduled date, the SSA advises waiting three business days before contacting your bank to ensure there are no issues on their end. If the bank confirms everything is in order, you should reach out to the nearest Social Security office to resolve the situation.
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— Social Security (@SocialSecurity) August 25, 2024
Who Receives the $1,415 SSI Payment?
In 2024, the maximum monthly SSI payment for an individual is $943, while couples enrolled in the program can receive up to $1,415. The exact SSI amount depends on whether beneficiaries have additional income and the amount of that income.
The SSA reduces benefits by $1 for every $2 earned from work, which includes employment, self-employment, and any money-making activities.
Other forms of income, such as disability benefits, unemployment payments, and pensions, can also impact the SSI amount. For every $1 received from these sources, the SSA deducts $1 from the SSI benefit.
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— Social Security (@SocialSecurity) August 23, 2024
Despite potential deductions for these reasons, SSI remains a vital source of income for many recipients. Staying informed about changes in payment dates is crucial, so you know when to expect your funds in your mailbox or bank account.
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