close
close

first Drop

Com TW NOw News 2024

SSI payment dates for 2024 have changed
news

SSI payment dates for 2024 have changed

For Supplemental Security Income (SSI) recipients in the United Stateswill bring two payments at the end of the year 2024 that will cover both the last check of this year and the first check of 2025. Since January 1 is a federal holiday and no payments are made on holidays, Social Security Administration (SSA) will bring forward the first check of 2025, which will be delivered in December 2024, meaning two deposits will occur in the same month.

This schedule adjustment means SSI beneficiaries will receive their December payment November 29 and the first payment of 2025 December 31st. Each of these checks will reflect different amounts due to the cost of living adjustments (COLA) that are applied annually.

Below we explain in detail how this happens two payments are divided and what the maximum amounts are for each. In order to organize all this information as best as possible before the end of 2024, it is important to know all this information.

November and December SSI payment dates

SSA has already announced this SSI payment amounts for both the last audit of 2024 and the first audit of 2025, and these amounts vary due to the cost of living adjustment (COLA) increase. The December check will cover the month’s needs and will be based on the maximum payment limits set for 2024. However, the second check sent on December 31 will include the 2025 COLA adjustment, increasing the amount for the benefit of SSI holders.

Below you will find the maximum amounts of each of these payments:

  • November 29 check: Corresponds to the December 2024 payment and follows the current maximum amount $943 for singles And $1,415 for couples.
  • December 31 check: This is the first payment of 2025, brought forward for the New Year’s holidays. The 2.5% COLA adjustment for next year will increase the maximum amount $967 for singles And $1,450 for couples.

These amounts are intended to help recipients cope with the rising cost of living, and the additional payment in December will provide significant relief to those who rely on this monthly assistance. However, remember that the collection method we choose is also important. If we choose Direct deposit, tThe checks appear immediately in our checking account. If not, we’ll have to wait a few days.

For that reason, of course Social Security sends SSI checks in advance, Not all Americans will benefit directly from these payments, as they may receive the checks in the corresponding months.

Double SSI payment before year end

Move the first check from 2025 through December will give recipients a head start in terms of financial planning for early next year. These types of adjustments are common when January 1 falls on a holiday, allowing recipients to access their funds without delay. Receiving two payments in December ensures that financial support is available on an ongoing basis.

However, it is important to remember that the The payment as of December 31 relates to the year 2025, it may therefore not be counted as additional income for 2024. This also means that recipients will not receive an extra check in January, because the end-of-year advance is intended for that purpose.

With this one two SSI payments in December, SSA ensures beneficiaries have the resources they need to start the new year with more stability, This will cover basic costs and provide important financial assistance at this time of year.