Recipients of the Social Security Administration’s Supplemental Security Income program can anticipate direct payment worth $914 for their August payment according to the SSA’s schedule.
Social Security Direct Payment Worth $914 Will Arrive In Your Doorstep In Just Few Days – Are You Eligible? (PHOTO: The US Sun)
Social Security Update For The Direct Payment Worth $914
The Social Security direct payment worth $914 will be available on August 1 and it will be the first payment for recipients since June because there were no payments in July.
The delay was because the first of July fell on a weekend, resulting in recipients obtaining the July direct payment at the end of June instead. This 2023, beneficiaries will receive two checks in each of the following four months which are March, June, September, and December. This is because the first of the month slips on a weekend in April, July, and October.
Moreover, January 1 is always a holiday and the adjusted schedule ensures that beneficiaries still get 12 checks per year.
The Washington Examiner reported that the next two payments will fall in the same month in September and those Social Security recipients will receive September’s and October’s payments in the same month. The payment for October will be available on Friday, September 29, because September 30 is a Saturday, and October 1 is a Sunday.
Beneficiaries will receive the money that depends on how they file for the direct payment. Those Recipients who file individually receive a maximum of $914 every month, and joint filers could receive up to $1,371.
Furthermore, SSA stated on its website that essential recipients, who live with people receiving SSI payments and provide them with necessary care, get a monthly payment of up to $458.
Here’s How To Qualify
To be eligible for the Supplemental Security Income program, a person has to be over 65 and meet specific financial requirements. Those under 65 could also qualify if they are at least partially blind or have a physical or mental condition that seriously limits their daily activities for at least one year or is expected to result in death.
In January of 1974, the SSI payments were first issued by the administration, and payment rates have grown for cost-of-living adjustments since 1975, according to the agency. The COLA for 2024 is currently expected to be an approximately 3 percent increase based on June’s digits.
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