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SSI benefit payment scheduled by Social Security on January 31

Once more, the Social Security Administration announces a change to the normal payday for SSI (Supplemental Security Income) in the U.S.

by Redaccion FT
16/12/2024 12:30
in Finance
Social Security confirms an SSI payment on January 31, 2025

Social Security confirms an SSI payment on January 31, 2025

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SSI payments are usually scheduled for the first day of the month. However, there are two occasions when Supplemental Security Income payments need to be rescheduled.

One of them is when the SSI payment date is either Saturday or Sunday. The second option is when the normal payday is a holiday. Of course, it it is a Federal Holiday or the weekend, the payment will be delivered in advance. SSA tends to issue these payments on the previous business day.

Why will there be an SSI payment on January 31, 2025?

In fact, this will be the February payment sent in advance. Remember that the Supplemental Security Income payment for January will be delivered to all eligible recipients on December 31, 2024.

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In the same way, since February 1 is Saturday, the SSI checks and direct deposits had to be rescheduled. Hence, for a second month in a row, there will be an SSI payment on the 31st rather than on the 1st.

Anyway, it is important to highlight that this will not be a bonus or an extra payment. This Federal program will always issue 12 payments per year. So, that is the maximum, even if it can sometimes be delivered 24 or 48 hours ahead of schedule.

Possible SSI amounts on January 31, 2025

If you qualify for SSI, you will be able to receive up to:

  • $484 (essential person)
  • $967 (an individual)
  • $1,450 (married couple)

Although these are the largest Supplemental Security Income payments, average checks, and deposits will be more frequent. Currently, as of November 2024, they are about $698 for all recipients.

If you add a 2.5% COLA increase to the current average payment, Supplemental Security Income recipients will get about $714 on December 31 (payment for January) and on January 31 (payment for February).

If you know someone who has a low income and little to no resources, help them file for Supplemental Security Income benefits. Of course, as long as they are blind, have a qualifying disability or are aged 65 or older.

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