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July Comes With New Social Security Payments — Up to $3,303 Approved

New rounds of payments have just arrived for qualifying Social Security recipients.

by Carlos Benavides
01/07/2024 12:30
in Money
social security benefits july 2024

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As is now common every month, the Social Security Administration (SSA), already has millions of payments for the beneficiaries of its program, those who receive it range from workers who are already retired, to citizens with some type of disability that typically fall into the Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI) category.

These payments will be sent, so that they are executed with reference to the date of birth of those people who receive the benefits, those people born between the 1st and 10th of the month, receive their money on the second Wednesday of each month, those people Those born between the 11th and 20th receive their money on the third Wednesday of each month and those born from the 21st to the 31st receive it on the fourth Wednesday. 

The SSA and Its Calendar

It is worth emphasizing is that people who retired before 1997 and who receive SSI benefits are not within the payment scheme mentioned above, which is based on dates of birth.

Hence, the SSA sends the money to them in the first days of the month, if a beneficiary has regular Social Security payments and is also an SSI beneficiary, the Administration will give priority to the SSI payment at the beginning of the month and the regular payment It will be generated until the third day.

ssa july 2024 dates deposits
The SSA to deliver new payments within hours

When Will This Month’s Social Security Checks Arrive?

Taking into account the way the checks are distributed, we provide you with the Social Security payment schedule for this month of July, according to official information from the SSA.

Monday, 1:  The first payment of the month corresponds to SSI beneficiaries.

Wednesday, 3:  Beneficiaries born before May 1997

Wednesday, 10: Beneficiaries with a date of birth between 1 and 10.

Wednesday, 17: Beneficiaries with a date of birth between the 11th and the 20th.

Wednesday, 24: Beneficiaries with a date of birth between the 21st and the 31st.

How Much Will Social Security Pay This Month?

The exact amount of the checks will always depend on the situation of each person, however, the SSA has some estimates that place the average payment for an already retired worker at $1,907 for people who are single and $3,303 for people who are in a couple who make their tax return together, so it corresponds to SSI beneficiaries, the average check is $943 for single people and $1,415 for couples.

How Much You Could Receive From SSI?

The maximum monthly SSI payment for this year 2024 is $943, for a single person and $1,415 for a couple, the amount may be lower, depending on your income and the income of certain family members, your housing situation and other factors.

Tags: RetirementSocial securitySSDISSI

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