When Does The Social Security Administration Distribute Supplemental Security Income
Individuals who were born prior to May 1997or who receive both Social Security and SSIwill receive a payment for Social Security on the third day of each month. Should the third of the month be a weekend, payments will instead be issued on the first Friday of that month. Payments for SSI will arrive on the first day.
The Social Security Administration Sent Out Letters Last Month Outlining The Cola Increase For 2022 But When Are The Payments Scheduled
The Social Security Administration oversees a number of programmes designed to provide additional financial support for close to 70 million Americans.
For Americans with disabilities, the Supplemental Security Income and Social Security Disability Insurance both play a vital role in providing financial support.
The SSDI programme provides funds for disabled American and certain family members, provided that the subject of the claim paid sufficient Social Security taxes during their time in work. You can apply for the SSDI support online using the my Social Security portal, and will also be able to do so in-person when Social Security offices reopen nationally from 30 March.
The national network of Social Security customer service offices, which were closed nearly two years ago at the start of the pandemic, is on track to reopen on March 30.
The New York Times
When are Social Security disability payments sent out?
Every month the SSA must undertake the enormous administrative challenge of distributing tens of millions of payments to Americans, knowing that many households are wholly reliant on their Social Security funds to make ends meet.
Social Security benefits are staggered across the month to ease the workload for the SSA, with distribution of the monthly payments based on the recipients birth date.
Social Security Payment Calendar
Here is the full 2021 Payment Calendar for your convenience.
You can also reference the table below for a complete list of dates for the rest of the year.
Here is a simplified version of the 2021 Social Security Payment Schedule
| 2021 |
| 1960 and later | 67 |
It is possible to begin taking your Social Security retirement benefits as early as age 62.
However, taking your Social Security benefits early can reduce your payments by up to 30% as shown below:
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Option 2 Direct Deposit Into Direct Express Debit Mastercard
Second, if you do not have a bank account or are not able to get one, the Treasury Department has another solution for electronic payments:
You can sign up for a Direct Express Debit MasterCard, which is a prepaid debit card that works similar to a traditional bank debit card.
The Direct Express card is accepted anywhere Debit Mastercards are accepted.
Furthermore, you can also use your Direct Express debit card to make purchases online and over the phone.
Also, you can use the card to get cash back at the grocery store or to purchase money orders at the post office.
What Happens if I Dont Sign up for Electronic Payments?
If you just signed up to receive Social Security or Disability benefits and did not provide electronic payment information, heres what will happen:
The SSA will make the choice for you and send your monthly benefit payments to you via the Direct Express debit card.
If you are already receiving Social Security or Disability benefits by check and have not signed up for electronic payments, heres what to expect:
At some point soon, the SSA will switch your payments to a Direct Express card and a debit card will be mailed to you.
When Will I Get My January Social Security Check
January checks will include the first COLA increase for 2023. Here’s the for when you should get your Social Security check and/or SSI money:
- : January SSI payments.
- : Social Security payments for those who receive both SSI and Social Security or have received Social Security since before May 1997.
- 11: Social Security payments for those with birthdays falling between the first and 10th of any given month.
- 18: Social Security payments for those with birthdays falling between the 11th and 20th of any given month.
- 25: Social Security payments for those with birthdays falling between the 21st and 31st of any given month.
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Are Social Security Payments Taxed
Yes and No. First, we are attorneys and not CPAs. Any tax question should be directed at your CPA or your tax preparer.
Generally, the IRS will tax your SSDI benefits when half of your benefits, plus other income, exceeds an income threshold on your tax filing status.
If youre filing single, head of household, married filing separately, or qualifying widower, the threshold is $25,000.
If youre filing married and jointing, that threshold is $32,000. And if youre filing separately but lived with your spouse during the tax year, the threshold is $0
Supplemental Security Income Benefits are not taxable.
Note: Visit irs.gov to learn additional information on paying taxes social security benefits.
What Beneficiaries Can Expect In 2023
On Oct 13, 2022, the SSA announced its annual changes to the Social Security program for 2023. Starting Jan. 1, 2023, more than 65 million Americans will receive an 8,7.% COLA to their Social Security benefits.
This represents the largest cost-of-living adjustment since 1981, due to a spike in inflation resulting from ongoing economic difficulties caused by the COVID-19 pandemic. In 2022, the increase was 5.9% and, prior to that, COLA averaged just 1.65% per year over the previous 10 years while inflation remained low.
According to estimates released by the SSA, this increase will amount to more than $140 for the average retired worker, raising their total benefits to $1,827 per month in 2023. Couples, meanwhile, will experience an averagebenefits increase of $238 to $2,753 per month.
Disability benefit average payments will increase $119 to $1,483 per month. Disabled workers with a spouse and one or more children will experience an average$133 increase to $2,972 per month. Lastly, widows and widowers will find their averagebenefits increasing by $209 to $2,616 per month. Notably, widowed mothers with a minimum of two children will receive an average$282 increase to $3,520.
In addition to the COLA, several other major Social Security changes will go into effect in 2023:
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Arkansas And Social Security Disability Benefits
- This image courtesy of Pixabay
ALL STATE DATA UPDATED FOR 2022!
Everyones experience applying for Social Security Disability benefits will be unique. Part of this is because everyones individual medical and work history is different. But, potential applicants should also know that each state like Arkansas has its own story to tell in terms of social security disability benefit approval rates at each stage of the process, as well as waiting times at the hearing stage.
What Should I Do If My Disability Payment Is Late
If your disability payment is late, what you should do depends on your payment method. Nearly all direct deposit payments arrive on time. If you use direct deposit and your payment is late, contact your financial institution.
If you receive a paper check in the mail and your payment is late, the SSA recommends you wait three days in case your check was delayed in-transit. If you still havent received your check within three days of your payment date, you can call the SSA at 800-772-1213.
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Supplemental Security Income Payment Schedule
If you receive Supplemental Security Income , you will receive your payments on the 1st of each month.
The exception is when the 1st falls on a weekend or holiday.
If the first falls on a holiday, then you will receive your payment the business day before.
However, if the first falls on a weekend, youll receive your payment on the preceding Friday.
Do Seniors On Social Security Qualify For Food Stamps
The short answer is Yes!
For many seniors, their Social Security benefits represent a significant source of their monthly income.
However, that is not always enough to meet their needs, including buying enough food for the month.
According to the Social Security Administration, these are the average Social Security benefits in 2021:
- $1,543 per month for retired workers.
- $801 per month for spouses of retired workers.
- $1,455 for older widows or widowers receiving survivor benefits.
If the average retiree is getting $1,543 a month in social security benefits, it means they are they will have to live on $18,516 per year.
If there is no income from other sources, making ends meet becomes a challenge for some seniors.
According to NCOA, In 2016, nearly 8.6 million older Americans faced the threat of hunger, representing 13.6% of adults aged 60+ in the U.S.
Food Stamps for Seniors
Seniors may qualify for food stamps to help buy food.
However, 3 out of 5 seniors who qualify for food stamps dont apply.
In many states, you can apply for food stamps at the local County Department of Social or Family Services.
You can apply in apply in-person, by phone, or online.
Whether you can receive food assistance depends upon:
- the number of people in your household,
- your income, and
- your resources .
Eligibility for SNAP is based on financial need.
However, there is a special income rule that applies to elderly or disabled persons.
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The Payment Date For Benefits Likely Depends On Your Birthday
David J. Rubin is a fact checker for The Balance with more than 30 years in editing and publishing. The majority of his experience lies within the legal and financial spaces. At legal publisher Matthew Bender & Co./LexisNexis, he was a manager of R& D, programmer analyst, and senior copy editor.
The Balance
For most people that filed for Social Security on or after May 1st, 1997, your benefit payments will be sent out on the second, third, or fourth Wednesday of each month, depending on your day of birth. If you filed for Social Security benefits before May 1st, 1997, your payments will be sent out on the third of the next month. For example, you would receive your March benefit payment on April 3rd.
The same schedule typically applies if you’re collecting Social Security retirement benefits or Social Security disability benefits. However, if you’re receiving Supplemental Security Income benefits, you’ll be paid on the first of the month.
What If Your Payment Hasnt Arrived Yet
For several reasons, Social Security payments may sometimes be late. Those reasons can include but are not limited to:
- Delays for initial Social Security benefits
- Process slowdowns at the SSA
- Updates to your personal information, such as your mailing address
- Changes to your payment information, such as a new checking account
- Inclement or severe weather
If your Social Security payment is late, contact the SSA immediately. For delays potentially caused by changes in your personal information, contact your local SSA office.
The SSA often issues notices of delays that collectively impact a region or number of individuals. For example, the SSA may post updates on delayed payments in areas affected by severe weather. For delays potentially impacting other individuals, monitor SSA communication and media channels.
Consider waiting a few business days for nonemergency delays. Benefits, though not yet received when they should have arrived, may already be in transit and late due to the post office, bank, or SSA. Contact the SSA when you feel its appropriate, recognizing that it may request that you wait longer to ensure payment has truly gone missing.
Workers who have reached full retirement age or older for the entire year are not subject to a limit on earnings.
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What Are The Maximum Social Security Disability Benefits
The monthly benefits issued for 2022 include:
- The current maximum Supplemental Security Income for an individual is $841 per month.
- The current maximum amount for Social Security Disability Insurance benefits is $3,148 per month.
- The average disability payment for a disabled worker receiving SSDI is $1,358 per month.
Why We Have An Earnings Limit
Not long ago, a viewer on my YouTube channel asked me to give her a good reason why we have the Social Security earnings limit. The comments that followed showed how many viewers shared the belief that the earnings limit is unfair and should be eliminated.
In my response, I explained that the rationale behind the entire program of Social Security was to create a safety net. The original intent of the Social security program was not to supplement retirement income, but to keep the elderly out of poverty.
I also added that todays earnings limit is relatively generous compared to where the Social Security earnings limit began. The original Economic Security Bill President Roosevelt sent to Congress featured a very restrictive earnings limit.
That bill stated, No person shall receive such old-age annuity unless . . . He is not employed by another in a gainful occupation.
Whoa! This means that if you had even a single dollar in wages from a job, you could not collect a Social Security benefit at all.
Thankfully, the system we have in place today allows for individuals to have some earnings from work while they are receiving a Social Security benefit.
However, its very important to stay informed on the dollar amount of this limit because it changes every year.
For 2023, the Social Security earnings limit is $21,240. For every $2 you exceed that limit, $1 will be withheld in benefits.
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Social Security Income Limit 2023
Note: The Social Security earnings limit changes each year. The most current version of this article uses numbers for 2023.
At one of my first speaking engagements, I heard a great story from one of the attendees. Her experience provides us with one of the best examples Ive ever heard of how much the Social Security income limit can catch you by surprise.
A few years earlier, shed been at her bridge club when the topic turned to Social Security. As she and the other card players chatted about the best way to leverage Social Security Benefits, the consensus around the table seemed to be that filing at 62 was the smartest thing to do.
This lady, trusting the advice of some of her closest friends, did just that: She filed for benefits as soon as she turned 62.
She then told me shed always wanted to buy a brand-new Toyota Camry. She figured that, once she started receiving Social Security income, it would be the perfect time to buy the car. She was still working, which meant her Social Security check would be extra income.
As she told the story to me, she bought the car and took out a car loan to do it. She planned to repay the loan using some of the income she expected to receive from her Social Security benefits since she filed for them.
Imagine her surprise, then, when a nasty letter from Social Security Administration showed up in her mailbox. The letter claimed she had been paid benefits that she was not eligible for!
Current Social Security Payment Calendar
If you receive Social Security and Social Security Disability Insurance :
For the most part, the date on which you receive your payment depends on whether you started receiving social security benefits before or after May 1997.
If you started receiving benefits after May 1997, then your benefit payment is made on one Wednesday of the month, depending on your birth date.
- First, If your birthday falls on the 1st to the 10th of your birth month, youll receive your payments on the second Wednesday of each month.
- If your birthday falls on the 11th to the 20th of your birth month, youll receive your payments on the third Wednesday of each month.
- If your birthday falls on the 21st to the 31st of your birth month, youll receive your payments on the fourth Wednesday of each month.
Note that if you are a spouse receiving survivors benefits, the payment date will be based on the birth date of the deceased individual upon whose work record the benefit payments are being made.
If you receive Supplemental Security Income , you will receive your payments on the 1st of each month.
The exception is when the 1st falls on a weekend or holiday.
If the first falls on a holiday, then you will receive your payment the business day before.
However, if the first falls on a weekend, youll receive your payment on the preceding Friday.
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Can I Work While Collecting Social Security Benefits
The short answer is Yes!
However, whether the income you make will affect how much in Social Security benefits you receive depends on when you starting receiving benefits.
If you start receiving Social Security benefits before you reach full retirement age , then your income from working might reduce the amount of your benefit.
When you start to receive Social Security at your FRA, you qualify to collect 100 percent of the maximum benefit allowed from your earnings history.
Until then, Social Security doesnt consider you fully retired if you make more than a certain amount from work.
As a result, they will deduct a portion of your benefits if your earnings exceed that limit.
However, once you reach FRA, there is no cap on how much you can earn and still receive your full Social Security benefit.
The income earnings limits are adjusted annually.
In 2021, for every $2 earned over $18,960, you lose $1 in Social Security Benefits.
For example, if you have a part-time job that pays $25,000 a year, it means you are making $6,040 over the limit .
Therefore, your Social Security Benefits will be reduced by $3,020, which is half of the $6,040.
How Does Cost Of Living Affect Social Security Disability Payments
The Social Security Administration makes payment adjustments each year to people receiving Social Security disability benefits. The adjustment payments made through Social Security retirement, Social Security Disability Insurance , and Supplemental Security Income programs reflect cost-of-living adjustments. This COLA increase is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers. For 2021, the COLA adjustment is 5.9% for 2022.
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