SSI payments will arrive on February 28, 2025. Therefore, it will not be on time for Saint Valentine’s Day or for President’s Day. Therefore, you need to use the money you received from the Federal government on January 31, 2025.
Millions of Americans make special purchases on Saint Valentine’s Day and many others go on a weekend trip on President’s Day. So, it is good to know when your payments are due in case you need cash to prepare for any of these 2 special occasions.
Why is the March SSI payment due on February 28?
The Social Security Administration needs to make important changes when it comes to paydays on Saturdays, Sundays, or even Federal Holidays. This is because its offices and financial institutions are not open on those days.
Hence, it is essential to ensure that SSI recipients collect their payment on the payday or one or two days ahead of schedule. By doing so, low-income Americans relying on this benefit payment can receive this essential money.
If you have a look at the calendar, the payments for January, February, and March were scheduled in advance. It will not be until April 1, 2025, when the Social Security Administration issues a payment on the first day of the month.
SSI maximum benefit amounts
The maximum SSI payment amount will be $484 for an essential person. These recipients collect the lowest maximum amount of the possible three. Then, individuals are the ones who receive something in between an essential person and an eligible married couple.
If you are the only person in your household who qualifies for SSI, you can receive up to $967. These maximum amounts have gone up by 2.5% after the Cost-of-Living Adjustment.
Finally, the largest SSI payment will be up to $1,450 for eligible married couples. That implies both qualify for the full amount and they receive no reductions. Average payments are:
- $696 for all Supplemental Security Income recipients
- $575 for seniors aged 65+
- $812 for those under 18
- $743 for those aged 18-64
