A post-holiday budget crunch is making many SSI (Supplemental Security Income) beneficiaries think about their next payment. Actually, the Social Security Administration has confirmed that there is no other check until February.
Therefore, it is of vital importance to plan your upcoming expenses. The last SSI payment arrived on December 29, 2023. Receiving a check early indeed has some advantages.
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However, for those who live on a shoestring budget, it may look as if it takes ages till February comes. Besides, some recipients may have just received approval from Social Security to get SSI payments. So, they may not know when their checks come.
THE EXACT DATE FOR SSI PAYMENTS IN FEBRUARY
The Administration has scheduled the next SSI payment for February 1, 2024. Although most Supplemental Security Income checks arrive early in the month, it is not always the case. These are the exceptions in 2024.
The months of March, April, and May will have the SSI check on the first day of the month. Nevertheless, the one in June will arrive on May 31, 2024. But why does this happen?
For your information, the Social Security Administration never pays on a holiday. If the payment is due on a Sunday or Saturday, SSA schedules it for the previous business day, usually a Friday.
This brings up an interesting coincidence. SSI recipients can get two checks during the same month. Even if the payments are for 2 different months, they get it during the same month. But there is no bonus or extra payments, just 12 checks per year.
HOW MUCH CAN I RECEIVE FROM SUPPLEMENTAL SECURITY INCOME IN FEBRUARY?
Although there is a different SSI amount for each recipient, there are maximum amounts some beneficiaries may qualify for. If you are entitled to a payment worth $943, you are receiving the maximum amount for a single person in 2024.
Those SSI beneficiaries who have other sources of income or earnings may get a reduction. That is why there are much lower Supplemental Security Income payments.
For example, the average SSI check as of November 2023 is $673.86 for all recipients stated SSA. This benefit is also for children under 18 and they get average checks worth about $785.28.
If you are an essential person, you may qualify for the largest SSI check in 2024. The maximum benefit amount for couples who are both eligible is $1,415. Essential persons can receive up to $472, up from $458 in 2023. Apply now to get more money even if you are on SSDI or retirement.