Millions of Americans have a low income. About 7.5 million are receiving Supplemental Security Income payments. SSI benefit payments are issued on the first day of the month unless a change in the payday is necessary.
In total, SSI recipients qualify for 12 payments per year, that is just 1 per month. Even if you receive 2 payments during the same month, one of them is surely issued in advance and it is paid for the next month.
Why is the SSI payment for December arriving in November?
For your information, December 1 will be Sunday. Therefore, the Supplemental Security Income payment will need to be delivered on the previous business day and that means getting money more than 24 hours in advance.
The Social Security Administration’s payment schedule states that it will be sent on November 29, rather than December 1, 2024. Getting a check or direct deposit on the 29th will mean receiving a payment 48 hours ahead of schedule.
Consequently, SSI recipients must keep the money they receive on November 29 for the next month. Still, it will be useful if you need to pay debt or a loan and you have your bank account in the red.
Who will receive $1,415 from Supplemental Security Income on Nov. 29?
This will be the maximum amount for eligible married couples on Supplemental Security Income. To qualify, you must get no reductions. This usually happens when you have no other sources of earnings and no savings at all.
SSI recipients who qualify as individuals can get up to $943. On average, beneficiaries of this Federal program can get about $697 as of October 2024. An essential person can also get money from the Supplemental Security Income program.
The November 29 will be the last payment for SSI beneficiaries for 2024. Even if there is a Supplemental Security Income payment scheduled for December 31, 2024, it is for the month of January 2025.
What are the eligibility criteria for receiving the maximum SSI payments?
You have little or no income, such as wages or Social Security benefits. SSI is generally for individuals earning less than $1,971 from work each month. The income limit increases for couples and when parents apply for children. Other income sources, like disability benefits, unemployment, and pensions, are also considered.
You have limited resources (things you own). Resources should not exceed $2,000 for individuals or $3,000 for couples. Common resources include vehicles, money in bank accounts, stocks, mutual funds, U.S. savings bonds, land, and personal property. Some items, like your primary home and car, are not counted.
You have a disability, are blind, or are age 65 or older. If you’re 64 or younger, you must have a disability that significantly impacts your ability to work for a year or more, may result in death, or severely limits daily activities (for children). Additionally, you must show you earn less than $1,550 from work per month.
You are a U.S. citizen or national, or a qualified noncitizen with eligibility granted by the Department of Homeland Security. Noncitizens have additional requirements to meet.
You are a resident of one of the 50 states, Washington D.C., or the Northern Mariana Islands. Exceptions apply for children of military parents stationed overseas and students studying abroad.