Payments are arriving today and millions of Americans will receive some money in their bank accounts. The thing is some eligible beneficiaries can even get 2 checks at the same time. This is not something frequent but it could happen sometimes.
The Social Security Administration has announced that payments are due on December 1 for Supplemental Security Income (SSI) beneficiaries. But they will not be the only lucky recipients.
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As a matter of fact, there will be a specific group of seniors who will receive their monthly payment in advance. So, many more seniors are collecting their checks on the first day of the month. If you have not filed for Social Security yet, you cannot receive it.
WHO WILL RECEIVE 2 PAYMENTS ON DECEMBER 1 IN THE USA?
If you started receiving Social Security payments before May 1997, this will be your payday. Believe it or not, it will not arrive on December 3 as usual. The reason why the Administration had to reschedule the delivery of this check is quite simple.
December 3 cannot be a payday because it is a Sunday. As banks are not open, the Social Security Administration prefers to send the money 2 days before the real due date. In this way, you do not have to wait for your money and there are no delays.
So, seniors on retirement benefits or people on SSDI before May 1997 who also get SSI, can receive two checks on December 1. The reason why some people with disability and some retirees can receive Supplemental Security Income is because they have a really low income.
Therefore, if you have a low income and you do not get SSI, it is high time you applied for it. By doing so, you can receive more money on a regular basis. Getting more cash from the Administration can help you deal with food insecurity and pay necessary expenses.
HOW MUCH CAN BENEFICIARIES RECEIVE ON DECEMBER 1?
The amount of money a retiree or a person on SSI is not fixed for all beneficiaries. In fact, there are payments which are made to measure. For example, to get a larger Social Security check, you must earn the taxable maximum for 35 years and file at the age of 70.
If you manage to achieve that difficult challenge, you can get $4,555 on December 1. If you filed at Full Retirement Age, it could be up to $3,627. Early filers can only get a payment of up to $2,572. As you can see, there are many different possibilities.
The earlier you file, the lower your Social Security benefits. Moreover, if you are on Supplemental Security Income, you can obtain a check worth up to $914 for singles. Married couples who both qualify can get $1,371.
Essential persons can collect a payment worth $458 from SSI. Then, it will depend on your situation your check can be higher or smaller. Those receiving an average check for retirement and and average SSI payment can get up to $2,524.