beneficiaries will receive one final check on December 29

December isn’t over yet, and you may have already spent it all SSI money. Even if you received your check on December 1st, the cost of living is prohibitive. For example, paying a mortgage, medical expenses, or food has become really expensive.

There are over 5 million Americans who receive SSI and they usually get their payment on the first day of the month. As long as it’s not a holiday or weekend, Social security The administration sends the money on that day.

However, it is not possible to send it on January 1st because it is a holiday. Banks and other financial institutions are closed so they may not be able to process SSI payments. Even if the payment is in January December 29, looks like a bonus payment as most beneficiaries may have spent too much on Christmas.

ARE THE SSI PAYMENT AMOUNTS THE SAME ON DECEMBER 1 AND 29?

The thing is, you can get two SSI payments in December, but the amounts will not be the same. Fortunately, the Social Security increase will arrive on December 29 for those on Supplemental Security Income, so their checks will be higher if they’re still eligible.

The elderly and the disabled can receive SSI payments
The elderly and the disabled can receive SSI payments

Moreover, not all beneficiaries receive the same amount due to their status. While some recipients are married, others are single. There is another possibility, to be a person of substance. With them, their checks are smaller.

Maximum amount of SSI is $914 in 2023 if you are single. This amount will reach $943 in 2024. Of course, to get their January payment, they won’t have to wait until next year, December 29 is their payment day.

Married couples can collect up to $1,371 in 2023, but their new checks they can be waived 1415 dollars from December 29 onwards. Be sure to let Social Security know if your marital status changes because it could affect your payments.

Overpaying is possible and you don’t want that to happen. SSI the maximums for essentials are $458 in 2023 and $472 in 2024. So, get ready to get 3.2% more in just a few weeks.

WHO MEET THE REQUIREMENTS FOR THE ADDITIONAL INCOME VERIFICATION FROM DECEMBER 29?

Undoubtedly, you will not be able to collect Supplemental Security Income unless you get Social Security approval. Therefore, you must submit your application first.

The main collection requirement SSI is being low-income, but it’s not the only one. It is true that some people qualify because of their age, but others because of their disability.

Even some children are eligible for SSI, but only if they have a disability that meets Social Security’s strict definition. So if you collect SSDI or pension checks you can apply for Supplemental Security Income too.

What’s more, if you don’t have enough money for food, you can also apply SNAP benefits, the former food stamps. This way, you can stretch your budget and make ends meet more comfortably.

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