A Social Security payment worth $1,918 on average goes out in 5 days. Some retirees will cash a new check or get a new direct deposit from the Administration shortly. Do not forget that you must meet all the conditions to qualify.
For example, the birthday requirement will be essential. If your birthday is from the 11th to the 20th, you will receive a payment on August 21. That date will not be the payday for those who also get SSI. Besides, you cannot get these benefits if you started receiving Social Security before May 1997.
Will there be a Social Security payment after August 21?
As a matter of fact, it will not be the last retirement benefit payment in August. Some retirees will only be eligible for the August 28 payday. This is because they are not on SSI, they did not get payments before May 1997 and their birthday is after the 20th of any month.
What is more, the average payment for these eligible retirees will also be $1,918. If you were receiving benefits before May 1997, your next Social Security payment will be due on September 3, 2024.
If you are a Supplemental Security Income recipient, you will receive a payment of up to $943 on August 30, 2024. Even if you collected an SSI payment on August 1, the September check or direct deposit will be ahead of schedule.
Will Social Security Disability Insurance recipients get SSDI payments on the same dates?
For your information, if you are on SSDI (Disability Insurance), the payment dates are the same as for those citizens receiving retirement benefits. The birth date requirements are just the same.
So, August 21 and August 28 can also be paydays for SSDI recipients. If you got SSDI before May 1997, you will receive your monthly payment on September 3, 2024. SSI can also be for those SSDI recipients getting money on September 3.
As for the maximum amounts for retirement benefits, direct deposits or checks can be up to $4,873. If you file at Full Retirement Age, you can receive up to $3,822 (also the largest SSDI payment in 2024). Those who choose early filing at 62 can get up to $2,710.