If you are a new Social Security beneficiary, you may not have gotten the hang of retirement or SSDI payments yet. Retirees and disability insurance recipients may get payments on the same day, but there are 4 different paydays and you can only receive one check or direct deposit.
Some low-income recipients may get Social Security and Supplemental Security Income recipients at the same time though. However, they are different programs.
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Social Security payments in June
Retirees could receive a new direct deposit on June 12. This money will be yours under 2 conditions. First, you must be a beneficiary after April 2024. Thus, those who collected benefits before May 1997 will not be eligible for the June 12 check.
Second, you must have been born from the first to the tenth of any month. Birthdays are the way the Social Security Administration arranges paydays for the second round of payments.
June 18 and June 26 will also be paydays. Birthdays from 11-20 and 21-31 will make you eligible if you are on retirement on SSDI benefits. If you began getting benefits before May 1997, your next payday will be July 3. If you are on SSI and retirement or SSDI simultaneously, payments can be up to $943 for singles.
Social Security Disability Insurance & retirement amounts in June
Retirees usually receive higher payments than those on Social Security Disability Insurance. In general, retirement beneficiaries had more time to work and increase payment amounts.
The average SSDI payment is worth $1,537. Some Disability Insurance beneficiaries could get up to $3,822 if they have earned the taxable maximum for 35 years and filed when required.
Retirement benefits can be about $1,915 on average in June. If you filed at 70, you could have a monthly payment of up to $4,873. Filing early can reduce the largest benefit to $2,710. Seniors or disability beneficiaries who have a low income may want to apply for Supplemental Security Income. Getting the 2 checks is possible.