Exciting news! The Supplemental Security Income from Social Security payment for August, which can be as much as $943, is set to be distributed to millions of beneficiaries in just 9 days (august 1)
Mark your calendars for August 1st! That’s when the first batch of SSI payments will be sent out. These payments are specifically for individuals who are living with a debilitating disability that impacts their ability to earn an income, as outlined by the Social Security Administration.
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Strengthening Security August’s $943 SSI Payment Increase Unveiled
To qualify for these payments, applicants must meet certain criteria. You need to be at least partially blind or have a “physical or mental condition(s) that seriously limits your daily activities for a period of 12 months or more, or is expected to result in death.”
The amount you can receive varies depending on how you file:
- Individuals: Up to $943 per month
- Couples filing jointly: Up to $1,415 per month
- Essential persons (those providing necessary care to SSI recipients): Up to $472 per month
Due to inflation, these amounts have increased by 3.2% since last year. The maximum amount you receive is influenced by the way you apply. Different amounts are allocated to individual filers, joint filers, and essential persons who offer crucial support to SSI recipients.
Stay tuned and make sure to check your eligibility to take advantage of these vital benefits!