The Social Security Administration announced benefits for retirees over the summer.
Summer vacation is just around the corner, and some 72 million retirees are looking forward to it. Funding from the Social Security Administration In the United States.
In fact, there are only two June payments remaining, with only one of those due once summer has begun. Social Security sends new payments June 18 and June 26. To be eligible, people must have been born between the 11th and 20th or the 21st and 31st, respectively. These payments are only available to people who received benefits after April 30, 1997.
Social Security Benefits for July and August
In July 5 different paydaysSupplemental Security Income recipients will receive direct deposits or checks on July 1. July 3 will be the new payday for SSI and retirement or SSDI recipients, as well as anyone who began receiving benefits before May 1997.
Benefits will then be paid to those who received benefits after April 30, 1997. In their case: Social Security uses your birthdayWe will adjust your payment dates. If your birthday is between the 1st and the 10th, your payment dates will be July 10th and August 14th.
For 11-20, you’ll be paid on July 17th and August 21st. Or for 21-31, July 24th and August 28th. August 1st and August 30th are also paydays. SSI recipientsAug. 2 is for those who qualify or meet the requirements for the July 3 payment.
Social Security Maximum
The government, Maximum Retirement, SSI and SSDI Amounts For Americans, the maximum retirement benefit payment in 2024 will be $4,873.
This is only possible if the worker applies for it. Social security from age 70worked in an SSA-covered job for at least 35 years and earned in the highest taxable bracket throughout that time.
Those applying at full retirement age or SSDI is $3,822For SSI recipients, payments can be up to $943 for singles and $1,415 for married couples. The average payment for retirees is $1,915 and for SSDI it is $1,537.
