The next Social Security payment for American retirees will be deposited within a few days. Whether you are aged 62, 70, or 90 years old, you may receive one of the upcoming direct deposits or paper checks issued by SSA. However, it will be essential to meet all the requirements the Administration has set to become an eligible recipient.
Keep in mind that only those workers who have earned at least 40 work credits at 62 can receive retirement benefits in the U.S. Nevertheless, those workers who file for Social Security at 62 will get lower payments due to a 30% reduction. It is true that the will receive more monthly payments because they start getting payments as early as possible.
Direct Deposits for Social Security recipients
If you were born from the 11th to the 20th, regardless of the month or year, you may be eligible for the April 16 payment for retirees. Bear in mind that it is essential to have begun getting retirement benefits after April 30, 1997.
Besides, you cannot be a Supplemental Security Income recipient. If you are receiving SSI and Social Security (Retirement, Survivor, or Disability Insurance), your next payment date will be May 1 (SSI) and May 2 for retirement, survivor, or Disability Insurance.
Those Social Security recipients who began receiving benefits before May 1997 will get a direct deposit or paper check on May 2 as well. Just like those on SSI and SSA benefits.
Social Security & Direct deposits of up to $5,108
Although this maximum amount may seem impossible, there are some recipients who can collect up to $51,08 on April 16, 2025. This will be the largest benefit possible for retirees in 2025.
To get so much money from the Administration is mandatory to meet all these conditions:
- file to get a paper check or direct deposit at the age of 70
- work for a minimum of 35 years
- get jobs that pay payroll taxes to SSA (those jobs not covered by SSA may pay a pension though)
- earn the taxable maximum for all the years mention in the second condition
On average, Social Security payments will be about $1,980 if you are a retiree. What is more, many families increase their income by applying for spousal and child benefits. In this way, they can receive about $932 on average for spousal benefits and about $919 if you child gets benefits from SSA too.
These maximum and average amounts will also apply to the April 23 payment. This payday will be for workers who were born in the last days of the month. So, your birth date must fall from the 21st to the 31st.
