Social Security payments are typically made on the first of each month, as well as on the second, third, and fourth Wednesday of each month. Knowing this schedule can help you anticipate and manage your finances effectively.
Social Security Payment Schedule for 2024
The SSI Payment is Generally issued on the 1st of each month. If the 1st falls on a Saturday, Sunday, or federal holiday, the payment will be issued on the business day preceding the holiday.
- IRAS Tax Refund
- State Pension Age Waspi Female Payout
- When will I get my tax refund?
- IRS2Go Refund Status
- federal PATH Act
- Facebook privacy settlement
Most individuals receive their payments on one of three specific days each month:
- Second Wednesday of the month if your birth date falls between the 1st and 10th.
- Third Wednesday of the month if your birth date falls between the 11th and 20th.
- Fourth Wednesday of the month if your birth date falls between the 21st and 31st.
Exceptions:
- Individuals who began receiving retirement benefits before May 1997: These individuals receive their payments on the 3rd of each month, regardless of their birth date.
- Individuals receiving both Social Security and SSI: These individuals receive their SSI payment on the 1st of each month, while their Social Security payment adheres to the general schedule based on their birth date.
| Birth Date | Payment Day (Unless a Federal Holiday) | Example Dates (2024) |
| 1st – 10th | Second Wednesday of the Month | February 14, March 13, April 10, May 8, June 12, July 10, August 14, September 11, October 9, November 13, December 11 |
| 11th – 20th | Third Wednesday of the Month | January 17, February 21, March 20, April 17, May 15, June 19, July 17, August 21, September 18, October 16, November 20, December 18 |
| 21st – 31st | Fourth Wednesday of the Month | January 24, February 28, March 27, April 24, May 22, June 26, July 24, August 28, September 25, October 23, November 27, December 25 (Note: Moved to Friday, Dec. 20 due to holiday) |
Social Security Payment EligibilityÂ
To be eligible for Supplemental Security Income (SSI) in 2024, you must meet all of the following requirements:
Age, blindness, or disability:
- You must be 65 years or older, blind, or have a disability that is expected to last at least one year or result in death.
Limited income and resources:
- Your monthly income must be below a certain federal benefit rate established by the Social Security Administration (SSA). This rate is adjusted annually and varies depending on your living situation (single, couple, etc.).
- You must have limited resources, which include assets like cash, savings, and investments. The SSA has specific limits on the value of resources you can own while receiving SSI.
Citizenship or lawful presence:
- You must be a U.S. citizen or a qualified non-citizen with specific immigration statuses and meet additional requirements.
- Living situation: The amount of SSI you receive may be adjusted based on whether you live alone, with a spouse, or in a public institution.
- Other income and benefits: Any other income you receive, such as Social Security retirement benefits or other assistance programs, will be deducted from your SSI benefit amount.
Social Security Payment Amount for 2024
The individual Social Security payment amount for 2024 varies depending on several factors, including:
- Your average indexed earnings (AIE): This is a calculation based on your highest 35 years of earnings, adjusted for inflation.
- The age you begin receiving benefits impacts the amount you receive due to early or delayed retirement deductions/increases.
- Whether you receive benefits based on disability: Disability benefits are calculated differently than retirement benefits.
- If you receive benefits based on a spouse’s earnings, the amount is based on their work history.
However, here are some estimates of your potential benefit:
- The maximum monthly Social Security retirement benefit for a worker retiring at their full retirement age in 2024 is $4,194.
- The average Social Security retirement benefit in 2024 is $1,907.
- The Social Security Administration provides a cost-of-living adjustment (COLA) in 2024 of 3.2%, which increases the benefits for most recipients.
Social Security Payment Status
To check your Social Security payment status online in 2024:
Create a My Social Security Account:
- If you haven’t already, create a My Social Security account on the official Social Security Administration (SSA) website: https://www.ssa.gov/myaccount/.
- You will need your Social Security number, date of birth, and some personal information to create an account.
Accessing Payment Information:
- Once logged in, navigate to the “Benefits and Payments” section within your My Social Security account.
- This section will display your payment history, including the upcoming payment date and amount for your benefits.
- You can also view past payment details and download historical payment information.
 Go to investbihar Homepage To Get Relevant Content.