Married couples aged 65 or older will soon get an SSI payment if eligible, SSA confirms payday
According to Vibes.okdiario, Supplemental Security Income (SSI) payments can provide essential financial support for low-income married couples. Generally, SSI benefits are scheduled to be paid on the first day of each month, although there may be exceptions.
Next SSI Payment Date
The next SSI payment for eligible married couples and individuals is scheduled for October 1, 2024. This means that this federal payment will be in your bank account in just two days.
SSI Payment Amount
The amount you receive from Supplemental Security Income depends on your resources and income. For married couples with no other earnings or benefits, you may qualify for up to $1,415.
For individuals, the maximum benefit amount for 2024 is $943, regardless of the payment date. If your benefits have been reduced, your payment may be closer to the average check amount.
As of August 2024, the average SSI payment is approximately $698. It’s important to note that this average can vary by age. For example, individuals aged 65 and older typically receive an average of $575. Those aged 18-64 can expect about $744, while children under 18 receive a higher average of $820.
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Future SSI Payment Schedule
If you’re planning your budget and want to avoid running out of money, it’s essential to note the two SSI payment dates set for November. The SSA has scheduled payments for:
- November 1, 2024
- November 29, 2024 (for December)
The second payment in November will serve as an advance payment for December. Additionally, the January 1 check is scheduled to be delivered on December 31, 2024. This adjustment is made because the SSA does not issue payments on federal holidays, necessitating the rescheduling to the previous business day. The December 31 payment will include the Cost of Living Adjustment (COLA) increase for 2025.
Remaining SSI Payments for 2024
Here’s a quick summary of the remaining SSI payment dates for 2024:
- Due on October 1
- Due on November 1
- Due on November 29 (for December)
- Due on December 31 (for January)
Stay informed about your SSI payments to manage your finances effectively and ensure you make the most of your benefits.
