There is one payment under the Supplemental Security Income program only 12 times a year. However, it is not uncommon to send an SSI check or deposit one some day or two before. This usually happens because Social Security only disburses payment on business days. Moreover, the banks and other financial organizations are also off on Saturday, Sunday and public holidays.
As you may have learned, the January payment will now be made on December 31, 2024. Thus, the 2025 COLA increase is going to be reflected in your new check. Thus for every $100 you receive from SSI program, you will get $2.5 extra.
Who qualifies for the SSI payment on December 31?
You are not able to participate if you do not meet the SSA guidelines and have not applied or have not been approved by the SSA. However, in order to be eligible, you must also meet one of the following qualifications, have little to no resources, and have a low income:
- either have a qualifying disability
- or be blind
- or be at least 65 years old
The January SSI payment will be given to many American citizens upon meeting certain conditions. There will be no other types of checks like the incentive checks.
How much money can SSI recipients get in December?
Depending on your earnings, benefits or savings you will be receiving the amount of money. You will receive more money from the Supplemental Security Income program, if you have less income and resources.
For example, if you are an essential person, you can be paid up to $484 as opposed to $472 in case of no deductions. Until now, SSI recipients can be paid up to $967, with a rise from $943. But what about the married couples that do meet the criteria?
For a qualified married couple, that maximum award has risen to $1,450 from $1,415. By the way, average payment is much, much lower. However, people 65 and older take almost $576.
FAQs On SSI payments in December
Q. What are SSI payments?
A. Supplemental Security Income (SSI) payments provide financial assistance to low-income individuals who are elderly, blind, or disabled.
Q. How much can I receive in December?
A. SSI payments in December may range from $484 to $1,450, depending on eligibility and individual circumstances.
Q. Who is eligible for SSI payments?
A. Eligibility depends on income, resources, and specific qualifications like age or disability status.
