Supplemental Security Income (SSI) is a crucial financial support program for many people in the United States. If you or someone you know receives SSI, it’s important to keep track of when these payments will arrive. This guide explains the payment schedule for SSI and what you should expect in the coming months.
When Are SSI Payments Made?
Usual Payment Schedule
SSI payments are typically sent out on the first day of each month. However, if the first day falls on a weekend or a federal holiday, the payment date may change. In these cases, the Social Security Administration (SSA) will send the payment a day or two earlier to ensure recipients have their funds on time.
July 1 Payment
For July, all SSI recipients will receive their payment on July 1. This applies to everyone, whether they receive their funds through checks or direct deposits.
Additional Payments and Eligibility
Receiving More Money
Some SSI recipients may also qualify for Social Security Disability Insurance (SSDI) or retirement benefits, which may be paid on different days. For example, if you qualify for both SSI and SSDI, you might receive an additional payment on July 3.
Payment Amounts
The amount of SSI you receive can vary depending on your circumstances:
- Individuals: Up to $943
- Married Couples: Up to $1,415
- Average Payment: $697 as of May 2024
| Month | Payment Date | Reason for Adjustment | Notes |
|---|---|---|---|
| January | January 1 | Payment made on December 29, 2023, due to New Year’s Day | SSI payments are sent early because January 1 is a federal holiday. |
| February | February 1 | None | Payments are sent on the usual schedule. |
| March | March 1 | None | Payments are sent on the usual schedule. |
| April | April 1 | None | Payments are sent on the usual schedule. |
| May | May 1 | None | Payments are sent on the usual schedule. |
| June | June 1 | None | Payments are sent on the usual schedule. |
| July | July 1 | None | Payments are sent on the usual schedule. |
| August | August 1 | None | Payments are sent on the usual schedule. |
| August | August 30 | Payment for September sent early due to weekend | Because September 1 falls on a weekend, the payment for September is sent on August 30. |
| October | October 1 | None | Payments are sent on the usual schedule. |
| November | November 1 | None | Payments are sent on the usual schedule. |
| December | December 1 | None | Payments are sent on the usual schedule. |
August and September Payments
August Payments
In August, SSI payments will follow the usual schedule, with the regular payday on August 1.
Double Payments in August
August will have a unique situation. Since September 1 falls on a weekend, SSI payments for September will be sent on August 30. This means you will receive two payments in August, but no payment will be issued in September.
Planning Ahead
It’s essential to plan your finances carefully. The extra payment in August needs to last through September since there will be no payment that month. By staying informed and preparing ahead, you can manage your finances better and avoid any potential difficulties.
FAQs
What is the usual payment date for SSI benefits?
SSI payments are usually sent out on the first day of each month. If the first falls on a weekend or a federal holiday, the payment date may be adjusted to an earlier day.
When will SSI payments be made in July 2024?
All SSI recipients will receive their payment on July 1, 2024.
Will I receive two SSI payments in August 2024?
Yes, because the September 1 payment falls on a weekend, SSI payments for September will be sent on August 30, 2024. This means you will receive two payments in August.
How should I plan my finances with the double payment in August?
It’s important to budget carefully since there will be no SSI payment in September. The extra payment in August needs to cover your expenses through September.
Can I receive SSI and SSDI payments on different days?
Yes, if you qualify for both SSI and SSDI, the payments may be issued on different days. For example, some people might get their SSDI payment on July 3, 2024.
Staying on top of your SSI payment schedule is key to managing your finances effectively. Remember, if the first of the month lands on a weekend or holiday, you might get your payment earlier than usual. This year, be particularly mindful of the double payment in August and plan accordingly to cover your expenses throughout September. Being aware of these payment dates can help you make informed financial decisions and ensure that you’re prepared for any changes.
